WINDSOR INC PURCHASED A DELIVERY TRUCK FOR 32000 ON JANUARY 1, 2022. THE TRUCK HAS...
80.2K
Verified Solution
Link Copied!
Question
Accounting
WINDSOR INC PURCHASED A DELIVERY TRUCK FOR 32000 ON JANUARY 1, 2022. THE TRUCK HAS AN EXPECTED SALVAGE VALUE OF 4000 AND EXPECTED TO BE DRIVEN 100000 MILES OVER ITS ESTIMATED USEFUL LIKE OF 8 YEARS. ACTUAL MILES DRIVEN WERE 16600 IN 2022 AND 13100 IN 2023.
ASSUME THAT WINSOR USES THE STRAIGHT LINE METHOD. PREPARE A JOURNAL ENTRY TO RECORD 2022 DEPRECATION.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
