Baron CoBegan Operations on January 1,2011,at Which Time It Acquired Depreciable

question 42

Essay

Baron Co.began operations on January 1,2011,at which time it acquired depreciable assets of $100,000.The assets have an estimated useful life of ten years and no salvage value.
In 2014,Baron Co.changed from the sum-of-the-years'-digits depreciation method to the straight-line depreciation method.
Required:
Determine the depreciation expense for 2014 and prepare the appropriate journal entry.

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Definitions:

Discipline

A field of study or branch of knowledge; also refers to the practice of training to improve strength or self-control.

Authoritarian

Characterized by strict obedience to authority at the expense of personal freedom; often related to governance or parenting styles.

Play in The Street

Engaging in recreational activities or games in a roadway, often seen in residential areas with limited traffic.

Spanking

A form of discipline that involves striking the buttocks of another person to cause physical pain, often used as punishment for children.