Pacifica Manufacturing retired a computerized metal stamping machine on December 31, 2011. Pacifica sold the machine to another company and did not replace it. The following data are available for the machine: Cost (installed), 1/1/2006 $920,000 Residual value estimated on 1/1/2006 160.000 Estimate life as of 1/1/2006 8 years The machine was sold for $194,000 cash. Pacifica uses the straight-l ine method of depreciation. Hide 1. Prepare the journal entry to record depreciation expense for 2011
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Pacifica Manufacturing retired a computerized metal stamping machine on December 31, 2011. Pacifica sold the machine to another company and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » Pacifica Manufacturing retired a computerized metal stamping machine on December 31, 2011. Pacifica sold the machine to another company and did not replace it.