Stan's Lumber Mill sold two pieces of equipment in 2014. The following information pertains to the two pieces of equipment:
Instructions
(a) Compute the depreciation on each piece of equipment to the date of disposal.
(b) Prepare the journal entries in 2014 to record 2014 depreciation and the sale of each piece of equipment.

Question

Stan's Lumber Mill sold two pieces of equipment in 2014. The following information pertains to the two pieces of equipment: 
 Instructions
(a) Compute the depreciation on each piece of equipment to the date of disposal.
(b) Prepare the journal entries in 2014 to record 2014 depreciation and the sale of each piece of equipment.

Quizplus · Accepted Answer

The Answer of Stan's Lumber Mill sold two pieces of equipment in 2014. The following information pertains to the two pieces of equipment: 
 Instructions
(a) Compute the depreciation on each piece of equipment to the date of disposal.
(b) Prepare the journal entries in 2014 to record 2014 depreciation and the sale of each piece of equipment.

Stan's Lumber Mill Sold Two Pieces of Equipment in 2014