[man89]

السلام عليكم ممكم حل دي السؤالين


Hanshew's Lumber Mill sold two machines in 2011. The following information pertains to the two machines:
Purchase Useful Salvage Depreciation Sales
Machine Cost Date Life Value Method Date Sold Price
#1 $66,000 7/1/07 5 yrs. $6,000 Straight-line 7/1/11 $15,000
#2 $40,000 7/1/10 5 yrs. $5,000 Double-declining- 12/31/11 $24,000
balance

Instructions
(a) Compute the depreciation on each machine to the date of disposal.
(b) Prepare the journal entries in 2011 to record 2011 depreciation and the sale of each machine.



Tidwell Company sold the following two machines in 2010:

Machine A Machine B
Cost $68,000 $80,000
Purchase date 7/1/06 1/1/07
Useful life 8 years 5 years
Salvage value $4,000 $4,000
Depreciation method Straight-line Double-declining-balance
Date sold 7/1/10 8/1/10
Sales Price $30,000 $16,000
Instructions
Journalize all entries required to update depreciation and record the sales of the two assets in 2010. The company has recorded depreciation on the machine through December 31, 2009