(solved)toth’s architech purchased a color plotter for $5,000 in January 2006. The plotter was expected to last for 5 years with a $500 salvage value.. . . . .
toth’s architech purchased a color plotter for $5,000 in January 2006. The plotter was expected to last for 5 years with a $500 salvage value. Toth uses the double-declining balance method to depreciate the plotter. Toth chose to upgrade to a premium model in January 2007 and sold the old plotter to dunn drafting for $2,500.Prepare the journal entry recording for this sale of old plotter
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Answer to toth’s architech purchased a color plotter for $5,000 in January 2006. The plotter was expected to last for 5 years with a $500 salvage value. . . .
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