Record a journal entry, Record a journal entry for July 1,

Record a journal entry

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Reference no: EM131144766

Star Company purchased a computer on January 2, 2012, at a cost of $2,500. The computer is expected to have a useful life of five years and a residual value of $250. Assume that the computer is disposed of on July 1, 2015 and that straight-line depreciation is used.
Record a journal entry for July 1, 2015 for the following:

a.Record thed epreciation expense for half a year.
b. Record when the computer is discarded.
c. Record when the computer is sold for $400
d. Record when the computer is sold for $1,100

Reference no: EM131144766

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