Answered: I am recording depreciation as an…

I am recording depreciation as an adjusting entry. Truck was 5000 and life is 3 years. I divided 5000 by 3 and then that total by 12 and came up with 138.8888888888889. All o weird and out of place

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

. I am recording depreciation as an adjusting entry. Truck was 5000 and life is 3 years. I divided 5000 by 3 and then that total by 12 and came up with 138.8888888888889. All of the other numbers are whole and this seems
weird and out of place

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