Equpment acqured on January 6 at a cost of:375,000, has an estimated useful of 20years...
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Accounting
Equpment acqured on January at a cost of: has an estimated useful of years and an estmated residual value of $ What was the annual amount of depreciation for the Years using the straightline method of depreciation? B What was the book value of the equipment on January of Year Assuming that the equipment was sold on January of Year for $ joumalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles. Assuming that the equipment had been sold on January of Year for instead of $ journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles.
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