EX 9-16 Capital expenditure and depreciation Obj. 1, 2 B. Depreciation Willow Creek Company purchased...
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EX 9-16 Capital expenditure and depreciation Obj. 1, 2 B. Depreciation Willow Creek Company purchased and installed carpet in its new general offices on April t is estimated to have a 15-year useful life and no Expense, $800 30 for a total cost of $18,000. The carpe residual value. A. Prepare the journal entry necessary for recording the purchase of the new carpet. B. Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek uses the straight-line method
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