Solution-Prepare the entry to record one years depreciation

Prepare the entry to record one years depreciation expense

Reference no: EM13553496

Carlos Company purchases $30,000 of equipment on January 1, 2011. The equipment is expected to last five years and be worth $5,000 at the end of that time. Prepare the entry to record one years depreciation expense of $5,000 for the equipment as of December 31, 2011. (In cases where no entry is required, please select the option "No journal entry required" for your answer to grade correctly.)

Reference no: EM13553496

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Prepare the entry to record one years depreciation expense : Prepare the entry to record one years depreciation expense of $5,000 for the equipment as of December 31, 2011. In cases where no entry is required, please select the option "No journal entry required" for your answer to grade correctly.

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Prepare the entry to record one years depreciation expense

Reference no: EM13553496

Reference no: EM13553496

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