Essay
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.
Correct Answer:
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a.
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