Part VI. Depreciation Expense On January 1, 2021, wWH Computer Shop purchased 5 units of computers at a cost of P35,000 each. Each computer was estimated to have P2,000 salvage value after their 4-year useful life. What is the journal entry to record the depreciation of the computers on December 31, 2021? Date Particulars PR Debit Credit

Part VI. Depreciation Expense On January 1, 2021, wWH Computer Shop purchased 5 units of computers at a cost of P35,000 each. Each computer was estimated to have P2,000 salvage value after their 4-year useful life. What is the journal entry to record the depreciation of the computers on December 31, 2021? Date Particulars PR Debit Credit

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter4: Income Measurement And Accrual Accounting

Section: Chapter Questions

Problem 4.8E: Depreciation On July 1, 2016, Dexter Corp. buys a computer system for $260,000 in cash. Assume that...

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