On April 1,Year 1,SAS Corp.purchased and placed in service a plant asset.The following information is available regarding the plant asset:
Make the necessary adjusting journal entries at December 31,Year 1,and December 31,Year 2 to record depreciation for each year under the following depreciation methods:
a.Straight-line.
b.Double-declining-balance.

Question

On April 1,Year 1,SAS Corp.purchased and placed in service a plant asset.The following information is available regarding the plant asset:
  Make the necessary adjusting journal entries at December 31,Year 1,and December 31,Year 2 to record depreciation for each year under the following depreciation methods:
a.Straight-line.
b.Double-declining-balance.

Quizplus · Accepted Answer

The Answer of On April 1,Year 1,SAS Corp.purchased and placed in service a plant asset.The following information is available regarding the plant asset:
  Make the necessary adjusting journal entries at December 31,Year 1,and December 31,Year 2 to record depreciation for each year under the following depreciation methods:
a.Straight-line.
b.Double-declining-balance.