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CHAPTER 4-FA.docx

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Department
Administration
Course
ADM1340
Professor
All Professors
Semester
Spring

Description
CHAPTER 4BRIEF EXERCISE 44aJan 2Vehicles40000Cash40000bThe journal entry for the years 2012 and 2013 will be the sameDec 31Depreciation Expense8000Accumulated DepreciationVehicles80004000058000 per yearcCRETIEN CORPORATIONStatement of Financial Position partialDecember 3120132012Property plant and equipmentVehicles4000040000Less Accumulated depreciation160008000Carrying amount 2400032000dCRETIEN CORPORATIONIncome Statement partialYear Ended December 3120132012Operating expensesDepreciation expense80008000
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