The estimated amount of depreciation on a building for the current year is $8,120. Journalize the adjusting entry to record the depreciation. If an amount box does not require an entry, leave it blank.

Impact of Improvements and Replacements on the Calculation of Depreciation 1.  Using the straight-line method, prepare general journal entries for depreciation on December 31, 20-1, for Simulators A and B. If an amount box does not require an entry, leave it blank. 2.  Enter the transactions for January 20-2 in a general journal. If an amount box does not require an entry, leave it blank. 3.  Assuming no other additions, improvements, or replacements, calculate the depreciation expense for each simulator for 20-2 through 20-8. If required, round your answers to the nearest cent. On January 1, 20-1, two flight simulators were purchased by a space camp for $77,000 each with a salvage value of $5,000 each and estimated useful lives of eight years. On January 1, 20-2, the hydraulic system for Simulator A was replaced for $6,000 cash and an updated computer for more advanced students was installed in Simulator B for $9,000 cash. The hydraulic system is expected to extend the life of…

The balance of accumulated depreciation in Entity A’s unadjusted trial balance is P100,000. If the adjustments columns in the worksheet show a debit adjustment of P20,000, how much is the balance of accumulated depreciation that is extended to the adjusted trial balance columns of the worksheet?

The estimated amount of depreciation on equipment for the current year is $6,550. Journalize the adjusting entry to record the depreciation. If an amount box does not require an entry, leave it blank.

IFRS require that assets must be assessed for indications of impairment Select one: a. when events and circumstances indicate that asset's carrying amount may not be recoverable. b. at the end of each reporting period. c. at the end of every quarter. d. whenever the method of depreciation has changed..

Analyze and review the following items and determine the appropriate journal entry. Record the journal entry

Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2025. (If no entry is required, select "No entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) Date Account Titles and Explanation Dec. 31 Inventory Debit 4,800,000 Credit (b) Accumulated Depreciation - Equipment 4,800,000 Prepare the journal entry (if any) to record depreciation expense for 2026. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) Account Titles and Explanation Debit Credit (c) The asset was not sold by December 31, 2026. The fair value of the equipment on that date is $5,300,000. Prepare the journal entry (if any) necessary to record this increase in fair value.…

The estimated amount of depreciation on equipment for the current year is $7,700. Journalize the adjusting entry (include an explanation) to record the depreciation.

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please answer with working  1 .  Record the year-end adjusting entry for the depreciation expense of Building 2. Note: Enter debits before credits. 2. Record the year-end adjusting entry for the depreciation expense of Building 3. Note: Enter debits before credits. 3. Record the year-end adjusting entry for the depreciation expense of Land Improvements 1. Note: Enter debits before credits. 4.  Record the year-end adjusting entry for the depreciation expense of Land Improvements 2. Note: Enter debits before credits.