CourseLover

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Teaching Since: May 2017
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  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Business & Finance Posted 09 Dec 2017 My Price 10.00

double-declining-balance method

  • Schuler Company had machinery that had originally cost $82,000.  The machinery was three years old and had been depreciated using the double-declining-balance method, over a five-year useful life with a residual value of $6,000.  Answer each of the following independent questions:

 

Required:

a.   If the company sold the machinery for $35,000, prepare a journal entry to record the sale.

b.         If the company sold the machinery for $16,000, prepare a journal entry to record the sale

Answers

CourseLover
(12)
Status NEW Posted 09 Dec 2017 01:12 PM My Price 10.00

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