Prepare the journal entries required for 2017.

$15.00

Description

Prepare the journal entries required for 2017.

  1. Prepare the journal entries required for 2017, using the asset adjustment method.
  2. Prepare the journal entries required for 2017, using the proportionate method.
  3. continuity schedule showing for each machine the amounts recorded to the Machine account and to the Accumulated Depreciation account, as well as indicating the carrying amount for each fiscal year from date of purchase to December 31, 2017, using (1) the asset adjustment method and (2) the proportionate method.

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