ment Opp Class Specifications | Sorted X+ WileyPLUS https://edugen.wileyplus.com/edugen/student/mainfr.uni L Brief Exercise 22-5 Blossom Company purchased a computer system for $76,500 on January 1, 2016. It was depreciated based on a 8-year life and an $17,300 salvage value. On January 1, 2018, Blossom revised these estimates to a total useful life of 4 years and a salvage value of $9,100. Blossom uses straight-line depreciation. Prepare Blossom's entry to record 2018 depreciation expanse. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense Accumulated Depreciation-Equipment SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER 5:44 PM search A 12/2/2019 Print Screen F6 F9 F5 F7 F8 F10 F11 F12 & ) 7 + II II
ment Opp Class Specifications | Sorted X+ WileyPLUS https://edugen.wileyplus.com/edugen/student/mainfr.uni L Brief Exercise 22-5 Blossom Company purchased a computer system for $76,500 on January 1, 2016. It was depreciated based on a 8-year life and an $17,300 salvage value. On January 1, 2018, Blossom revised these estimates to a total useful life of 4 years and a salvage value of $9,100. Blossom uses straight-line depreciation. Prepare Blossom's entry to record 2018 depreciation expanse. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense Accumulated Depreciation-Equipment SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER 5:44 PM search A 12/2/2019 Print Screen F6 F9 F5 F7 F8 F10 F11 F12 & ) 7 + II II
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter10: Long-lived Tangible And Intangible Assets
Section: Chapter Questions
Problem 29P
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Transcribed Image Text:ment Opp
Class Specifications | Sorted
X+
WileyPLUS
https://edugen.wileyplus.com/edugen/student/mainfr.uni
L
Brief Exercise 22-5
Blossom Company purchased a computer system for $76,500 on January 1, 2016. It was depreciated based on a 8-year life and
an $17,300 salvage value. On January 1, 2018, Blossom revised these estimates to a total useful life of 4 years and a salvage
value of $9,100. Blossom uses straight-line depreciation.
Prepare Blossom's entry to record 2018 depreciation expanse. (Credit account titles are automatically indented when
amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
Depreciation Expense
Accumulated Depreciation-Equipment
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Question Attempts: 0 of 3 used
SAVE FOR LATER
SUBMIT ANSWER
5:44 PM
search
A
12/2/2019
Print
Screen
F6
F9
F5
F7
F8
F10
F11
F12
&
)
7
+ II
II
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