Entries for sale of fixed asset equipment acquired on

Reference no: EM13608466

Entries for Sale of Fixed Asset Equipment acquired on January 5, 2009, at a cost of $734,520, has an estimated useful life of 12 years, has an estimated residual value of $60,600, and is depreciated by the straight-line method.

a. What was the book value of the equipment at December 31, 2012, the end of the year? $

b. Assume that the equipment was sold on October 1, 2013, for $430,300. Hide 1. Journalize the entries to record depreciation for the nine months until the sale date. Hide 2. Journalize the entries to record the sale of the equipment. If an amount box does not require an entry, leave it blank or enter "0".

Reference no: EM13608466

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