On June 30,2017,Adilide,Inc

question 133

Essay

On June 30,2017,Adilide,Inc.discarded equipment costing $40,000.Accumulated Depreciation as of December 31,2016,was $25,000.Assume annual depreciation on the equipment is $2,500.Prepare the journal entries for the 2017 depreciation expense and for the disposal of the equipment.

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Definitions:

Whole-word Approach

A method in reading instruction focusing on recognizing whole words by sight rather than decoding them phonetically.

Cycadophyta

A division of gymnosperms that includes cycads, characterized by large compound leaves and a stout trunk.

Pteridophyta

A division of non-flowering plants that includes ferns, horsetails, and whisk ferns, characterized by vascular tissue and the absence of seeds.

Gnetophyta

A division of gymnosperms comprising woody plants with some angiosperm-like features, including the genera Ephedra, Gnetum, and Welwitschia.