I seen a question here from a girl, and she never gave all of the entries for the post, but I was needing help with the Supplies part.
Question: Computer Supplies $2,645
a) The December 31 inventory count of computer supplies shows $580 still availabl
Answer: Debit Computer Supplies Expense $3125
Credit Computer Supplies $3125
How was this answer
How did one get this answer?
D) Computer Equipment $20,000
Question: The computer system, acquired on October 1, is expected to have a four year life with no salvage value.
How is this determined? HELP
Office Equipment $8600
Question: The office equipment, acquired on October 1, is expected to have a five year life with no salvage value.
How do I get the answer?
I’ve tried 2 different sums, but they’re both wrong. I’m dividing the amount of equipment by the number of expected life in months. What am I doing wrong?
Question: Computer Supplies $2,645
a) The December 31 inventory count of computer supplies shows $580 still availabl
Answer: Debit Computer Supplies Expense $3125
Credit Computer Supplies $3125
How was this answer
How did one get this answer?
D) Computer Equipment $20,000
Question: The computer system, acquired on October 1, is expected to have a four year life with no salvage value.
How is this determined? HELP
Office Equipment $8600
Question: The office equipment, acquired on October 1, is expected to have a five year life with no salvage value.
How do I get the answer?
I’ve tried 2 different sums, but they’re both wrong. I’m dividing the amount of equipment by the number of expected life in months. What am I doing wrong?