Hulme Company operates a small manufacturing facility as a supplement to its regular service activites....
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Accounting
Hulme Company operates a small manufacturing facility as a supplement to its regular service activites. At the beginning of 2014, an asset account for the company showed the to owing balances: 125,200 53,600 through 2013 During 2014, the folowing expenditures were Incurred for the equipment: $ 700 Routine maintenance and repairs on the equipment Major overnaul of the equipment that improved efficiency on 10,000 January 2, 2014 The equipment is being depreclated on a straight-line basis over an estimated lilfe of 16 years with a $18,000 estimated res dual value. The annual accounting period ends on December 31. value: 10.00 points Required: 1. Prepare the adjusting entry that was made at the end of 2013 for depreciation on the manufacturing equipment. (f no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry for depreciation on the manufacturing equipment during 2013. Note: Enter debits before credits. Record entry View general journal Clear entry
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