Blake,Inc.purchased a van on January 1,2015,for $800,000.Estimated life of the van was five years,and its estimated residual value was $90,000.Blake uses the straight-line method of depreciation.Give the journal entry to record the purchase of van for cash.

Question

Quizplus · Accepted Answer

The Answer of Blake,Inc.purchased a van on January 1,2015,for $800,000.Estimated life of the van was five years,and its estimated residual value was $90,000.Blake uses the straight-line method of depreciation.Give the journal entry to record the purchase of van for cash.

Blake,IncPurchased a Van on January 1,2015,for $800,000