Acc 305 Final exam Part II
Question # 00076343
Posted By:
Updated on: 06/17/2015 03:36 PM Due on: 06/17/2015

Quigley Co. bought a machine on January 1,2013 for 1,399,600. It had a $119,800 estimated residual value and a 8 year life. An expense account was debited on the purchase date. Quigley uses straight -line depreciation. This was discovered in 2015. Prepare the entries related to the machine for 2015.

-
Rating:
5/
Solution: Quigley Co_Rectification of Asset recording