{"id":17440,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/prepare-the-journal-entry-to-record-the-annual-depreciation-for-the-year-ended-december-31-2014-and-any-prior-period-adjustments-which-may-be-necessary"},"modified":"2017-06-05T17:04:03","modified_gmt":"2017-06-05T17:04:03","slug":"prepare-the-journal-entry-to-record-the-annual-depreciation-for-the-year-ended-december-31-2014-and-any-prior-period-adjustments-which-may-be-necessary","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/prepare-the-journal-entry-to-record-the-annual-depreciation-for-the-year-ended-december-31-2014-and-any-prior-period-adjustments-which-may-be-necessary\/","title":{"rendered":"Prepare the journal entry to record the annual depreciation for the year ended December 31, 2014 and any prior period adjustments which may be necessary."},"content":{"rendered":"<p>Prepare the journal entry to record the annual depreciation for the year ended December 31, 2014 and any prior period adjustments which may be necessary.<\/p>\n<p>Garrison Company purchased a machine on January 2, 2011. The machine cost $80,000 and had an estimated residual value of $20,000. The estimated useful life of the machine was 10 years. On January 1, 2014, due to technological innovations, the estimated useful life was reduced by 2 years from the original life and the salvage value was changed to $6,000. The company uses straight-line depreciation. You may ignore taxes.<\/p>\n<p>Prepare the journal entry to record the annual depreciation for the year ended December 31, 2014 and any prior period adjustments which may be necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prepare the journal entry to record the annual depreciation for the year ended December 31, 2014 and any prior period adjustments which may be necessary. Garrison Company purchased a machine on January 2, 2011. The machine cost $80,000 and had <a href=\"https:\/\/www.benedictsol.com\/blogs\/prepare-the-journal-entry-to-record-the-annual-depreciation-for-the-year-ended-december-31-2014-and-any-prior-period-adjustments-which-may-be-necessary\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17440","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/17440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=17440"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/17440\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=17440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=17440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=17440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}