Thursday, February 24, 2011

purchase two massage tables for 5,000 expected what is the journal entry straight line deprecation 5yrs?

need to know the general diary sounds like you are talking about depreciation. For the monthly returns, they take you 5 years and find out how many months it is (60). Depreciation per month then $ 5,000 / 60 = 83.33 to $. Monthly journal entry would be $ 83.33 massage beds depreciation (debit) massage tables costing $ 83.33 (credit) for massage tables Depreciation (Statement) Adopted zero residual value. 5000/60 = $ 83.33 monthly fee of $ 83.33 and loan amortization of accumulated depreciation $ 83.33 At the time of purchase: Dr. beds massage $ 5,000 Cr Cash $ 5,000 debt So when preparing monthly statements, Dr. Accumulated Depreciation Cr amortization $ 83.33 $ 83.33 You depreciation of fixed assets, but you pay for intangibles, but I realize that in America, you do not seem to follow this distinction.

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