On January 1, 2022, Pina Colada Country Club purchased a new riding mower for $29,000. The mower is expected to have a 8-year life with a $8,000 salvage value. What journal entry would Pina Colada make on December 31, 2022, if it uses straight-line depreciation? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

On January 1, 2022, Pina Colada Country Club purchased a new riding mower for $29,000. The mower is expected to have a 8-year life with a $8,000 salvage value. What journal entry would Pina Colada make on December 31, 2022, if it uses straight-line depreciation? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Name: On January 1, 2022, Pina Colada Country Club purchased a new riding mo
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Description: On January 1, 2022, Pina Colada Country Club purchased a new riding mower for $29,000. The mower is expected to have a 8-year life with a $8,000 salvage value.What journal entry would Pina Colada make on December 31, 2022, if it uses straight-line de

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 47P

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Date	Account Titles and Explanation	Debit	Credit
Dec. 31	enter an account title for the journal entry on December 31	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on December 31	enter a debit amount	enter a credit amount

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