Showing posts with label amount of depreciation. Show all posts
Showing posts with label amount of depreciation. Show all posts

Sunday, 24 July 2016

The estimated amount of depreciation on equipment for the current year is $9,100

The estimated amount of depreciation on equipment for the current year is $9,100. Journalize the adjusting entry to record the depreciation.


Answer:


Depreciation Expense 9,100
Accumulated Depreciation—Equipment 9,100
Depreciation on equipment.