Accounting and Finance Foundations

(Chris Devlin) #1

Unit 6


Accounting and Finance Foundations Unit 6: Journalizing 493

Journalizing


Chapter 17Chapter 6


Student Assignment


Name: _______________________________________________________________ Date: _________________

17.2.1 Depreciation


Use the information provided to calculate the depreciation expense for the accounting period ending
12/31/20YY. Then, create the journal entry (voucher) for this depreciation expense, and identify what
documentation should be attached to the voucher to support the depreciation expense.

Company A purchased a computer for $1,850.00 on 01/01/20YY. The computer has a useful life of five
years. If Company A sells the computer at the end of the five years, the computer will have a salvage
value of $200.00.

Depreciation Expense
=

(^) –
Depreciation Expense


(^)
Depreciation Expense


(^)

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