Chapter 17 Problem 17-15
Retirement method
March 1 Electric meters 250,000
Cash 250,000
1 Cash 20,000
Depreciation 160,000
Electric meters 180,000
July 1 Electric meters 400,000
Cash 400,000
December 1 Electric meters 200,000
Cash 200,000
1 Cash 15,000
Depreciation 135,000
Electric meters 150,000
Replacement method
March 1 Depreciation (250,000 – 20,000) 230,000
Cash 230,000
July 1 Electric meters 400,000
Cash 400,000
December 1 Depreciation (200,000 – 15,000) 185,000
Cash 185,000
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