Quigley Co

question 97

Essay

Quigley Co. bought a machine on January 1, 2013 for $1,400,000. It had a $120,000 estimated residual value and a ten-year life. An expense account was debited on the purchase date. Quigley uses straight-line depreciation. This was discovered in 2015.
InstructionsPrepare the entry or entries related to the machine for 2015.

---

Definitions:

Ependymal Cells

Glial cells that line the ventricles of the brain and the central canal of the spinal cord, involved in the production of cerebrospinal fluid.

Astrocytes

A type of glial cell in the brain and spinal cord involved in physical and nutritional support for neurons, as well as neurotransmitter regulation.

Brain Tumor

An abnormal and often uncontrolled growth of cells in the brain, which can be malignant (cancerous) or benign (non-cancerous).

Seizure

A sudden, uncontrolled electrical disturbance in the brain, capable of causing changes in behavior, movements, feelings, and levels of consciousness.