The estimated amount of depreciation on equipment for the current year is $8,055.
Journalize the adjusting entry to record the depreciation on December 31. Refer to the Chart of Accounts for exact wording of account titles.
Don't use plagiarized sources. Get Your Custom Essay on
Question & Answer: The estimated amount of depreciation on equipment for the current year is $8,055……
GET AN ESSAY WRITTEN FOR YOU FROM AS LOW AS $13/PAGE
Expert Answer
The adjusting entry to record the depreciation on December 31 :-
Depreciation expense – equipment | 8055 | |
Accumulated depreciation- equipment | 8055 |