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Author Question: A machine with a cost of $20,000, a salvage value of $8,000 and expected life of 15 years was ... (Read 119 times)

washai

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on: Feb 18, 2020
A machine with a cost of $20,000, a salvage value of $8,000 and expected life of 15 years was purchased on September 1. For a calendar year company, the journal entry to record depreciation expense for the first year would be to: (Round the final answer to the nearest dollar.)
◦ debit Depreciation Expense, $267; credit Accumulated Depreciation, $267.
◦ debit Depreciation Expense, $200; credit Accumulated Depreciation, $200.
◦ debit Depreciation Expense, $333; credit Accumulated Depreciation, $333.
◦ debit Depreciation Expense, $67; credit Accumulated Depreciation, $67.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by washai on Feb 18, 2020

jjorrostieta

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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washai

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Reply 2 on: Feb 18, 2020
Thanks for the timely response, appreciate it

parker125

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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