A company recorded $3,500 of depreciation on its factory building. Prepare the general journal entry to record this transaction.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 5RE: In Year 1, Utica Machinery Company uses the asset from RE11-4 for 7,500 hours. Prepare the journal...
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Financial accounting

A company recorded $3,500 of depreciation on its factory
building. Prepare the general journal entry to record this
transaction.
Transcribed Image Text:A company recorded $3,500 of depreciation on its factory building. Prepare the general journal entry to record this transaction.
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