CourseLover

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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
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Category > Business & Finance Posted 09 Dec 2017 My Price 10.00

Problem 9-2A- Navaro Corporation

Please Help with this assignment. Any help is greatly appreciated. 

See Attached 

Problem 9-2A At December 31, 2014, Navaro Corporation reported the following plant assets. 17,639,550 $56,931,550 Sold equipment that cost $620,400 when purchased on January 1, 2008. The Retired equipment that cost $723,800 when purchased on December 31, 2005. No Journalize the transactions. Navaro uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (To record depreciation on equipment sold) April 1 Land Cash May 1 Depreciation-E Accumulated D Cash Accumulated D Equipment Gain on Dispo June 1 Cash Land Gain on Dispo Equipment Date. Account Titles and Explanation Debit Credit Dec. 31 (To record depreciation on buildings.) 31
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CourseLover
(12)
Status NEW Posted 09 Dec 2017 02:12 PM My Price 10.00

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