Business, 03.11.2019 10:31 heatherballiet866

(b) solar company purchased equipment for $27,000 on 1 july 20x1. the
company depreciated the equipment over a five-year life by the
150%-declining-balance method on monthly basis and its residual value was $3,000.
until the end of the second year at 31 december 20x2, the company sold the
equipment for $12,500. assuming the company adjusts its accounts annually,
prepare the necessary journal entries required to update the depreciation for the
second year and to dispose the said equipment.

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(b) solar company purchased equipment for $27,000 on 1 july 20x1. the
company depreciated the e...

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