Ad Hock had the following property,plant and equipment purchases during 2019:
(1)On April 4,equipment costing $250,000 with a 5-year service life and an estimated $40,000 residual value was purchased.
(2)On October 4,a machine costing $330,000 with a 5-year service life and an estimated $50,000 residual value was purchased.Assuming Ad Hock has a December 31 year end,prepare the necessary adjusting journal entries at December 31,2019 to record depreciation under the following depreciation methods (using the nearest whole month method):
(a)Straight-line
(b)Double-declining-balance

Question

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The Answer of Ad Hock had the following property,plant and equipment purchases during 2019:
(1)On April 4,equipment costing $250,000 with a 5-year service life and an estimated $40,000 residual value was purchased.
(2)On October 4,a machine costing $330,000 with a 5-year service life and an estimated $50,000 residual value was purchased.Assuming Ad Hock has a December 31 year end,prepare the necessary adjusting journal entries at December 31,2019 to record depreciation under the following depreciation methods (using the nearest whole month method):
(a)Straight-line
(b)Double-declining-balance

Ad Hock Had the Following Property,plant and Equipment Purchases During