Adjusting Entries: Accumulated depreciation-equipment at 1/1/10 was $230,000. At 12/31/10 the balance of the account was $380,000. During 2010, one piece of equipment was sold. The equipment had an original cost of $40,000 and was 3/4 depreciated when sold. You are to prepare the missing adjusting entry. For each journal entry write Dr for debit and Cr for credit.© BrainMass Inc. brainmass.com June 4, 2020, 12:25 am ad1c9bdddf
This solution provides assistance adjusting an entry for an accumulated depreciation.