Bonita Corporation owns machinery that cost $28,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $3,408 per year, resulting in a balance in accumulated depreciation of $11,928 at December 31, 2020. The machinery is sold on September 1, 2021, for $14,910.
Prepare journal entries to (a) update depreciation for 2020 and (b) record the sale.
Answers: 2
Business, 22.06.2019 14:50
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Business, 22.06.2019 20:00
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Answers: 1
Bonita Corporation owns machinery that cost $28,400 when purchased on July 1, 2017. Depreciation has...
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