The adjusted trial balance on the worksheet shows Accumulated Depreciation, $1,700, and Depreciation Expense, $100. What was the balance in the Accumulated Depreciation account before the adjustment?
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- The balance of accumulated depreciation in Entity A’s unadjusted trial balance is P100,000. If the adjustments columns in the worksheet show a debit adjustment of P20,000, how much is the balance of accumulated depreciation that is extended to the adjusted trial balance columns of the worksheet?Using the following information, Make the December 31 adjusting journal entry for depreciation. Determine the net book value (NBV) of the asset on December 31. Cost of asset, $195,000 Accumulated depreciation, beginning of year, $26,000 Current year depreciation, $13,000The estimated amount of depreciation on equipment for the current year is $8,330. Journalize the adjusting entry, to record the depreciation. Refer to the Chart of Accounts for exact wording of account titles.
- The estimated amount of depreciation on equipment for the current year is $6,880.Journalize the adjusting entry (include an explanation) to record the depreciation.how to find the book value for december 31 and accumulated depreciationHow do I figure out the depreciation amount for the sum of the years digit method
- a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? b. What was the book value of the equipment on January 1 of Year 4? c. Assuming that the equipment was sold on January 3 of Year 4 for $379,920, journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles. d. Assuming that the equipment had been sold on January 3 of Year 4 for $410,485 instead of $379,920, journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles.The estimated amount of depreciation on equipment for the current year is $6,550. Journalize the adjusting entry to record the depreciation. If an amount box does not require an entry, leave it blank.Using the following information: Cost of asset, $290,000 Accumulated depreciation, beginning of year, $80,000 Current year depreciation, $40,000 A. Make the December 31 adjusting journal entry for depreciation. If an amount box does not require an entry, leave it blank. December 31 B. Determine the net book value (NBV) of the asset on December 31.
- The estimated amount of depreciation on equipment for the current year is $7,700. Journalize the adjusting entry (include an explanation) to record the depreciation.Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for the first year these assets were in use.This is the consolidated journal entries. How do we come to the accumulated depreciation of 25,000 ?