Chuck's Timber Mill sold two machines in 2019. The following information pertains to the two machines:
Required:
(a) Calculate the depreciation on each machine to the date of disposal. The financial year ends 31 December.
(b) Prepare the journal entries in 2019 to record 2019 depreciation and the sale of each machine.

Question

Chuck's Timber Mill sold two machines in 2019. The following information pertains to the two machines:
  Required:
(a) Calculate the depreciation on each machine to the date of disposal. The financial year ends 31 December.
(b) Prepare the journal entries in 2019 to record 2019 depreciation and the sale of each machine.

Quizplus · Accepted Answer

The Answer of Chuck's Timber Mill sold two machines in 2019. The following information pertains to the two machines:
  Required:
(a) Calculate the depreciation on each machine to the date of disposal. The financial year ends 31 December.
(b) Prepare the journal entries in 2019 to record 2019 depreciation and the sale of each machine.

Chuck's Timber Mill Sold Two Machines in 2019