On April 1,2010,a company discarded a computer that cost $15,000 and that had a useful life of 4 years and a salvage value of $1,000.Using straight-line depreciation,the accumulated depreciation as of December 31,2009 was $10,700.
a. Prepare the journal entry to record depreciation up to the date of disposal of the computer
b. Prepare the journal entry to record the disposal of the computer.
Correct Answer:
Verified
Q140: A company had net sales of $789,765
Q155: Mahoney Company had the following transactions
Q156: A company purchased land on which
Q157: Prepare journal entries to record the
Q160: On April 1 of the current year,a
Q163: A new machine is expected to produce
Q164: A new machine is expected to produce
Q166: A company had net sales of $541,500
Q167: A company had a building destroyed by
Q181: Mason Company sold a piece of equipment
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents