Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 29 May 2018 My Price 9.00

Depreciation events scenario

I'm creating a journal entry for the Depreciation events scenario listed below. I've attached three solution journal entries that I know are correct. My problem is that I don't know where the numbers are coming from. Where does the $1,425 depreciation expense stem from in the first entry? Also, how do we get a loss on the sale, I thought we would have a gain? Lastly, please show me where the $47,025 accumulated depreciation and $17,425 depreciation expenses come from.

 

Solution.PNGDepreciation.PNG

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Maurice Tutor
(5)
Status NEW Posted 29 May 2018 07:05 PM My Price 9.00

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