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Category > Accounting Posted 06 Dec 2019 My Price 4.00

Wildhorse Co

Wildhorse Co. had the following assets on January 1, 2017.

Item   Cost   Purchase Date   Useful Life
(in years)
  Salvage Value
Machinery   $83,780   Jan. 1, 2007   10   $ 0
Forklift   35,400   Jan. 1, 2014   5   0
Truck   39,416   Jan. 1, 2012   8   3,544


During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $14,160. The truck was discarded on December 31.
Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2016.

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(25)
Status NEW Posted 06 Dec 2019 10:12 AM My Price 4.00

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1575627799-4768036_1_637107499102970099_wildhorse-coxlsx
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