In Principles of Accounting I, we learned the journal entry for depreciation is: Debit – Depreciation Expense $X,XXX Credit – Accumulated Depreciation - (asset) $X,XXX 1) How is depreciation recorded differently under job order costing and how would you explain the difference to a non-accountant? 2) Suppose you had to record depreciation of $700 on factory equipment and $225 on office equipment. What
In Principles of Accounting I, we learned the journal entry for depreciation is: Debit – Depreciation Expense $X,XXX Credit – Accumulated Depreciation - (asset) $X,XXX 1) How is depreciation recorded differently under job order costing and how would you explain the difference to a non-accountant? 2) Suppose you had to record depreciation of $700 on factory equipment and $225 on office equipment. What
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In Principles of Accounting I, we learned the
Debit – Depreciation Expense $X,XXX
Credit –
1) How is depreciation recorded differently under
2) Suppose you had to record depreciation of $700 on factory equipment and $225 on office equipment. What would the journal entry look like?
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