PB7. LO 4.3 Using the following information, A. Make the December 31 adjusting journal entry for depreciation. B. Determine the net book value (NBV) of the asset on December 31. • Cost of asset, $195,000 Accumulated depreciation, beginning of year, $26,000 Current year depreciation, $13,000

PB7. LO 4.3 Using the following information, A. Make the December 31 adjusting journal entry for depreciation. B. Determine the net book value (NBV) of the asset on December 31. • Cost of asset, $195,000 Accumulated depreciation, beginning of year, $26,000 Current year depreciation, $13,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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PB7. LO 4,3 Using the following information,
A. Make the December 31 adjusting journal entry for depreciation.
B. Determine the net book value (NBV) of the asset on December 31.
• Cost of asset, $195,000
Accumulated depreciation, beginning of year, $26,000
• Current year depreciation, $13,000

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