On september 30 2013 sternberg company sold office, Ask an Expert

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On September 30, 2013, Sternberg Company sold office equiptment for $12,000. The equiptment was purchased on March 31, 2010, for $24,000. The asset was being depreciated over a five year life using the straight-line method, with depreciation based on months in sevice. No residual value was anticipated.

Required:

Prepare the journal entries to record 2013 depreciation and the sale of the equipment.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9989233

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