On June 30, 2015, Adilide Inc

question 85

Essay

On June 30, 2015, Adilide Inc. discarded equipment costing $40,000. Accumulated Depreciation as of December 31, 2014, was $25,000. Assume annual depreciation on the equipment is $2,500. Journalize the partial year depreciation expense and disposal of the equipment.

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Definitions:

Substitute Product

An alternative product that serves the same purpose or meets the same need as another.

Apple Juice

A beverage made by pressing and extracting the liquid from apples.

Orange Juice

A beverage made by extracting the liquid from oranges, often consumed for its nutritional value and taste.

Picture Frames

are decorative edgings for pictures, such as photographs or paintings, intended to enhance their appearance, make them easier to display, and protect them.