Chapter 20 Problem 20-18
1. Leasehold 1,000,000
Cash 1,000,000
2. Rent expense (150,000 x 12) 1,800,000
Cash 1,800,000
3. Leasehold improvement 400,000
Cash 400,000
4. Leasehold improvement 100,000
Cash 100,000
5. Amortization of leasehold 100,000
Leasehold (1,000,000 / 10) 100,000
6. Depreciation 60,000
Accumulated depreciation 60,000
400,000 / 10 40,000
100,000 / 5 20,000
60,000
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