On March 1, Detroit Gold Exchange paid cash of $ 81 600 for computers that...
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Accounting
On March 1, Detroit Gold Exchange paid cash of $ 81 600 for computers that are expected to remain useful for 4 years. At the end of 4 years, the value of the computers is expected to be zero.
Post the purchase of March1 and the depreciation on March31 to T-accounts for the following accounts: Computer Equipment, Accumulated Depreciation Computer Equipment, and Depreciation dash Computer Equipment. Show their balances at March31.
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You can see the logs in the Dashboard.