Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 27 Sep 2017 My Price 4.00

Action Quest Games Inc.

Action Quest Games Inc. owns the following long-lived assets:

Asset Date Purchased Cost Estimated Useful Life
Equipment July 1, 2010 $12,000 3 years
Vehicles Jan. 1, 2009 28,000 7 years
Furniture Jan. 1, 2012 10,000 5 years


Instructions(a) Prepare depreciation adjusting entries for Action Quest Games for the year ended December 31, 2012, assuming the company adjusts its accounts annually.(b) For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2012.

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 12:09 AM My Price 4.00

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