The following are the transactions of Morrell Corporation: a. Morrell Corporatio
ID: 2415834 • Letter: T
Question
The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $4,560 and their Accumulated Depreciation was $4,560. No residual value was received. b. Assume the same information as (a), except that Accumulated Depreciation, updated to the date of disposal, was $3,120.
Journal Entry Worksheet
a. Record the disposal of computers that had cost $4,560 and their accumulated depreciation to the date of disposal was $4,560.
b.Record the disposal of computers that had cost $4,560 and their accumulated depreciation to the date of disposal was $3,120.
Explanation / Answer
a) Journal entries
b)
Accumulated depreciation $4,560 To computer $4,560Related Questions
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