a. What was the depreciation for the first year?
$637,362
b. Assuming the equipment was sold at the end of the fifth year for $ 138,700 determine the gain or loss on the sale of the equipment. Enter your answer as a positive amount.
Loss=____
c. Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.

Question

05-12-2022
Mathematics

Answered

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a. What was the depreciation for the first year?
$637,362
b. Assuming the equipment was sold at the end of the fifth year for $ 138,700 determine the gain or loss on the sale of the equipment. Enter your answer as a positive amount.
Loss=____
c. Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.

Sagot :

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