On March the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total
purchase price of $ to the various types of assets along with estimated useful lives and residual values are as follows:
On June equipment Included in the March purchase that cost $ was sold for $ Herzog uses the
straightIine depreciation method for bullings and equipment and the doubledeciningbalance method for vehicles. Partialyear
depreclation is calculated based on the number of months an asset is in service.
Required:
Compute depreciation expense on the bullding, equipment, and vehicles for
Prepare the Journal entries to record the depreclation on the equipment sold on June and the sale of equipment.
Compute depreclation expense on the building, remaining equipment, and vehicles for
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Compute depreciation expense on the building, equipment, and vehicles for
Note: Do not round intermediate calculations:
