Browns company purchased equipment in 2014 for $150000 and estimated a $10000 salvage value at the end of the equipment's 10000 salvage value at the end of the equipment 's 10 year useful life .at december 31,2020 there was $98000 in the accumulated depreciation acount for this equipment using the straight line method of depreciation. On march 31,2021 was sold for $40000 prepare the appropriate journal entries to remove the equipment from the books of brown company on march 31,2021 2. Finney company sold a machine for $15000. The machine originally cost $35000 in 2018 and $8000 was spent on major overhaul (charged to the equipment account) accumulated depreciation on the machine to the date of disposal was 28000 prepare the journal entry to be recorded the disposition of the machine 3. Stanley company sold office equipment that has a book value of $12000 for $16000. The office equipment originally cost $40000 and it is estimated that it would cost $50000 to replace the office equipment prepare the appropriate journal entry to record the disposition of the office equipment
Browns company purchased equipment in 2014 for $150000 and estimated a $10000 salvage value at the end of the equipment's 10000 salvage value at the end of the equipment 's 10 year useful life .at december 31,2020 there was $98000 in the
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