Carla Company shows the following entries in its Equipment account for 2018. All amounts are...
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Accounting
Carla Company shows the following entries in its Equipment account for 2018. All amounts are based on historical cost. Prepare correcting entry if necessary. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles arc automatically indented when amount is entered. Do not indent manually.) Assuming that depreciation is to be charged for a full year on the ending balance in the asset account, compute the proper depreciation charge for 2018 under each of the methods listed below. Assume an estimated life of 10 years, with no salvage value. The machinery included in the January 1, 2018, balance was purchased in 2016. (Round answers to 0 decimal places, e.g. 45, 892.) Straight-line $ _______ Sum-of-the-years'-digits $ _______
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