![]() ![]() This expense was apparently recognized through the year-end adjustment recreated in Figure 17.11 "Assumed Adjusting Entry for Depreciation".įigure 17.11 Assumed Adjusting Entry for Depreciation The accountant must study the available data to determine that missing number because that balance is also removed when the asset is sold.Īccumulated depreciation at the start of the year was $300,000 but depreciation expense of $230,000 was then reported as shown in Figure 17.10 "Account Balances to Illustrate Cash Flows from Investing Activities". However, the accumulated depreciation relating to the disposed asset is not known. This transaction is analyzed first because the cost of the equipment is already provided. Other equipment was acquired, also for cash. ![]()
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