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Wilton Co. Complete the following transactions, and events involving one of its Warehouses. 2010: Jan....

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Accounting

Wilton Co. Complete the following transactions, and events involving one of its Warehouses. 2010: Jan. 1 Paid $84,000 for a new warehouse estimated to have a four- year useful life wiht a $2,000 salvage value. Dec. 31 Recorded annual double declining balance depreciation for the warehouse. 2011: Dec. 31 Recorded annual double declining balance depreciation for the warehouse. 2012: Jan. 1 Sold the warehouse for $24,800 cash. Required: Prepare Journal entries to record the transactions, and events from 2010 to 2012.

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