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Onslow Company purchased a used machine for $ cash on January On January Onslow paid $ to wire
electricity to the machine. Onslow paid an additional $ on January to secure the machine for operation. The
machine will be used for six years and have a $ salvage value. Straightline depreciation is used. On December
at the end of its fifth year in operations, it is disposed of
Prepare journal entries to record depreciation of the machine at December
Record the first year yearend adjusting entry for the
depreciation expense of the used machine.
Record the year of disposal yearend adjusting entry for
the depreciation expense of the used machine.
Note : journal entry has been entered
Jense of
