A community for students.
Here's the question you clicked on:
 0 viewing
amyna
 one year ago
this is an accounting question, i get the accounting part but not the math part.
The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be $7,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:
the answer is $1750.
i don't get where the number 1750 came from! please help!
amyna
 one year ago
this is an accounting question, i get the accounting part but not the math part. The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be $7,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: the answer is $1750. i don't get where the number 1750 came from! please help!

This Question is Closed

welshfella
 one year ago
Best ResponseYou've already chosen the best response.2Hint: october 1 to december31 is 1/4 of the yesr

welshfella
 one year ago
Best ResponseYou've already chosen the best response.2$7000 per year how much per 1/4 of the year?

amyna
 one year ago
Best ResponseYou've already chosen the best response.0ahh! okay i got it lol! thanks :)
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.