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irseructions Equipmont acquied on January 6 at a cost of $375,000 has an estimated usethe...

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Accounting

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irseructions Equipmont acquied on January 6 at a cost of $375,000 has an estimated usethe lite of 20 yoan and an estimated recidurityatuc of 525,000 FerstQuestions a. Wuat was the annual amoont of Me itaightice nictiod of aspenciation? b. Wur was the bonit value of the c. Nouming that the equphent was sod on Jweer 3 or Vear 4 for son:000, poumalise the entry to record the sale Retwito pre Chart of Nenounts tor exise wording of account iehe. a. Asouming ofat the eqopment had been sokt on dimuary of Wear ino a. What was the annos anount of fiepercition for the Vears : D. What was the beck vinez of the equipment on Junuary t of Your 4 ? Chart of Accounts Chart of Accounts 133 Patents LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 532 Depreciation Expense- Equipment 533 Depletion Expense 534 Amortization Expense- Patents 535 Insurance Expense 536 Supplies Expense 539 Miscellaneous Expense 710 Interest Expense 720 Loss on Sale of Delivery Truck 721 Loss on Sale of Equipment best

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