Asset 3 Date PLANT ASSET RECORD No. Description Filing Cabinet Bought_January 3, 2001 Date Estimated Useful Life Disposed of: 8 years 22 Serial # 89-P012 Estimated Salvage Value Discarded $50.00 Sold General Ledger Account No. 1150 G/L Account Office Equipment Original Cost $1,000.00 YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount Method _Straight-Line Traded Ending Book Value
Asset 3 Date PLANT ASSET RECORD No. Description Filing Cabinet Bought_January 3, 2001 Date Estimated Useful Life Disposed of: 8 years 22 Serial # 89-P012 Estimated Salvage Value Discarded $50.00 Sold General Ledger Account No. 1150 G/L Account Office Equipment Original Cost $1,000.00 YEAR Annual Depreciation Expense Accumulated Depreciation Depreciation Disposal Amount Method _Straight-Line Traded Ending Book Value
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 14RE: (Appendix 11.1) Auburn Company purchased an asset on January 1, Year 1, for 150,000. The asset has a...
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Please also complete cash receipt journal, thank you!
![1
2
3
4
5
DATE
FOR ASSET 3
ACCOUNT TITLE
DOC. POST.
NO. REF.
CASH RECEIPTS JOURNAL
GENERAL
DEBIT
CREDIT
ACCOUNTS
RECEIVABLE SALES
CREDIT
CREDIT
SALES TAX PAYABLE
DEBIT CREDIT
PAGE
SALES
DISCOUNT CASH
DEBIT
DEBIT
1
2
3
4
5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b0fa4e4-33e4-4a43-8696-c2f997ee9a92%2F5cc3b1ac-758f-4ff2-8b28-b3cf1d4c40c2%2Fhwetsv_processed.png&w=3840&q=75)
Transcribed Image Text:1
2
3
4
5
DATE
FOR ASSET 3
ACCOUNT TITLE
DOC. POST.
NO. REF.
CASH RECEIPTS JOURNAL
GENERAL
DEBIT
CREDIT
ACCOUNTS
RECEIVABLE SALES
CREDIT
CREDIT
SALES TAX PAYABLE
DEBIT CREDIT
PAGE
SALES
DISCOUNT CASH
DEBIT
DEBIT
1
2
3
4
5
![Asset 3
Date
PLANT ASSET RECORD No.
Description Filing Cabinet
Bought_January 3, 2001
Date
Estimated
Useful Life
Disposed of:
8 years
22
Serial #89-P012
Estimated
Salvage
Value
Discarded
$50.00
Sold
General Ledger Account No. 1150
G/L Account Office Equipment
Original Cost
YEAR Annual Depreciation Expense Accumulated Depreciation
Depreciation
Disposal Amount
$1,000.00
Method Straight-Line
Traded
Ending Book Value](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b0fa4e4-33e4-4a43-8696-c2f997ee9a92%2F5cc3b1ac-758f-4ff2-8b28-b3cf1d4c40c2%2Fl86c3h_processed.png&w=3840&q=75)
Transcribed Image Text:Asset 3
Date
PLANT ASSET RECORD No.
Description Filing Cabinet
Bought_January 3, 2001
Date
Estimated
Useful Life
Disposed of:
8 years
22
Serial #89-P012
Estimated
Salvage
Value
Discarded
$50.00
Sold
General Ledger Account No. 1150
G/L Account Office Equipment
Original Cost
YEAR Annual Depreciation Expense Accumulated Depreciation
Depreciation
Disposal Amount
$1,000.00
Method Straight-Line
Traded
Ending Book Value
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