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Neo
Neo, Tutor
Category: Homework
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Experience:  BS Accounting
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Jan. 1 Retired a piece of machinery that was purchased

Customer Question

Here are selected transactions for Andre Corporation for 2007.
Jan. 1 Retired a piece of machinery that was purchased on January 1, 1997.
The machine cost $52,000 and had a useful life of 10 years with no
salvage value.
June 30 Sold a computer that was purchased on January 1, 2004. The computer
cost $35,000 and had a useful life of 7 years with no salvage value. The
computer was sold for $23,000.
Dec. 31 Discarded a delivery truck that was purchased on January 1, 2003. The
truck cost $30,000 and was depreciated based on a 6-year useful life with
a $3,000 salvage value.

Instructions
Journalize all entries required on the above dates, including entries to update depreciation
on assets disposed of, where applicable. Andre Corporation uses straight-line depreciation.
Submitted: 7 years ago.
Category: Homework
Expert:  Neo replied 7 years ago.
Good day!

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Customer: replied 7 years ago.

Would you please answer in microsoft word format using charts(debit/credit)formal format. not in Xls one.?
Expert:  Neo replied 7 years ago.
No problem. I will post it shortly.
Expert:  Neo replied 7 years ago.
THIS ANSWER IS LOCKED!

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