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Viking company purchased and installed carpet

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Reference no: EM13963401

  • Viking Company purchased and installed carpet in its new general offices on June 30 for a total cost of $15,000. The carpet is estimated to have a 12-year useful life and no residual value.
  • Prepare the journal entries necessary for recording the purchase of the new carpet.
  • Record the December 31 adjusting entry for the partial year depreciation expense for the carpet. Assume that they use straight line

Reference no: EM13963401

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