Asked by gdlola
I am so lost on this. I need to prepare adjusting journal entry for this.
The truck was acquired on August 1. Franklin estimates the truck will have a useful life of 5 years and no salvage value. The depreciation on the building has already been recorded.
In my general ledger is says truck = $26,000 and the building = 100,000
The building
The truck was acquired on August 1. Franklin estimates the truck will have a useful life of 5 years and no salvage value. The depreciation on the building has already been recorded.
In my general ledger is says truck = $26,000 and the building = 100,000
The building