Jelly Bean had the following property,plant and equipment purchases during 2014:
(1)On April 4,equipment costing $150,000 with a 5-year service life and an estimated $40,000 residual value was purchased.
(2)On October 4,a machine costing $230,000 with a 5 year service life and an estimated $50,000 residual value was purchased.
Assuming Jelly Bean has a December 31 year end,prepare the necessary adjusting journal entries at December 31,2014 to record depreciation under the following depreciation methods (using the nearest whole month method):
(a)Straight-line.
(b)Double-declining-balance.

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The Answer of Jelly Bean had the following property,plant and equipment purchases during 2014:
(1)On April 4,equipment costing $150,000 with a 5-year service life and an estimated $40,000 residual value was purchased.
(2)On October 4,a machine costing $230,000 with a 5 year service life and an estimated $50,000 residual value was purchased.
Assuming Jelly Bean has a December 31 year end,prepare the necessary adjusting journal entries at December 31,2014 to record depreciation under the following depreciation methods (using the nearest whole month method):
(a)Straight-line.
(b)Double-declining-balance.

Jelly Bean Had the Following Property,plant and Equipment Purchases During