Menu
support@businesspapershelp.com
+1(805) 568 7317

suppose that on january 1 georgetown golf company paid cash of 80 000 for computers 4243053

Suppose that on January 1 Georgetown Golf Company paid cash of $80,000 for computers that are expected to remain useful for four years. At the end of four years, the computers values are expected to be zero.1. Make journal entries to record (a) Purchase of the computers on January 1 (b) Annual depreciation on December 31. Include dates and explanations, and use the following accounts: Computer Equipment; Accumulated Depreciation––Computer Equipment; and Depreciation Expense––Computer Equipment.2. Post to the accounts and show their balances at December 31.3. What is the computer equipments book value at December 31?View Solution:
Suppose that on January 1 Georgetown Golf Company paid cash

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon
"GET15"

Order Now