Prepare the journal entry to record the annual depreciation for the year

Garrison Company purchased a machine on January 2, 2011. The machine cost $80,000 and had an estimated residual value of $20,000. The estimated useful life of the machine was 10 years. On January 1, 2014, due to technological innovations, the estimated useful life was reduced by 2 years from the original life and the salvage value was changed to $6,000. The company uses straight-line depreciation. You may ignore taxes.
Prepare the journal entry to record the annual depreciation for the year ended December 31, 2014 and any prior period adjustments which may be necessary.

Just in case you need an assignment done, hire us. Using our writing services will make your life easier because we deliver exceptional results. Use us to get an A!

We are the Best!

course-preview

275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.


12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.


Double line spacing

Your essay will have double spaced text. View our sample essays.


Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.


We Accept

Secure Payment
Image 3

Prepare the journal entry to record the annual depreciation for the year

Garrison Company purchased a machine on January 2, 2011. The machine cost $80,000 and had an estimated residual value of $20,000. The estimated useful life of the machine was 10 years. On January 1, 2014, due to technological innovations, the estimated useful life was reduced by 2 years from the original life and the salvage value was changed to $6,000. The company uses straight-line depreciation. You may ignore taxes.

Prepare the journal entry to record the annual depreciation for the year ended December 31, 2014 and any prior period adjustments which may be necessary.

Just in case you need an assignment done, hire us. Using our writing services will make your life easier because we deliver exceptional results. Use us to get an A!

We are the Best!

course-preview

275 words per page

You essay will be 275 words per page. Tell your writer how many words you need, or the pages.


12 pt Times New Roman

Unless otherwise stated, we use 12pt Arial/Times New Roman as the font for your paper.


Double line spacing

Your essay will have double spaced text. View our sample essays.


Any citation style

APA, MLA, Chicago/Turabian, Harvard, our writers are experts at formatting.


We Accept

Secure Payment
Image 3