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In: AccountingProblem 2J & J is considering replacing some of their older computers.Give the potential...Problem 2J & J is considering replacing some of their older computers.Give the potential entries given the following scenarios. Assumeall scenarios are independent (B is not independent from A) andhave commercial substance.a. Fourteen new computers - $140,000, additional $2,000 for freightand 6% tax on $140,000. Estimated useful life is 5 years with 5%salvage value. They are treated as a single unit for financialreporting purposes. No trade-ins.b. Ten existing computers will be traded in (total trade-in value$10,000) for the new computers. The computers are treated as asingle unit with an original cost of $80,000 and book value of$8,000. The remainder was paid in cash. They are treated as asingle unit for financial reporting purposesc. Ten existing computers will be traded in (total trade-in value$20,000) for the new computers. The computers are treated as asingle unit with an original cost of $80,000 and book value of$20,000. The remainder was paid in cash. They are treated as asingle unit for financial reporting purposesRequired:Prepare the potential journal entries for the above events.Part B is not independent from A. Please show all calculations.Thanks