Danner Company purchased a computer on January 1, 2014, for $160,000. The straight-line method of...
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Accounting
Danner Company purchased a computer on January 1, 2014, for $160,000. The straight-line method of depreciation was used, based on an expected life of 6 years and a residual value of $13,000. Prepare the journal entries to record depreciation expense for the first 6 months of 2016 and the disposal of the computer on July 1, 2016, for $100,000. (provide description and calculation as applicable)
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