At its December 31, 2019, year-end, Athletic Apparel had a warehouse with an adjusted book value of $302,500 and an esti

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At Its December 31 2019 Year End Athletic Apparel Had A Warehouse With An Adjusted Book Value Of 302 500 And An Esti 1 (52.8 KiB) Viewed 46 times

At its December 31, 2019, year-end, Athletic Apparel had a warehouse with an adjusted book value of $302,500 and an estimated remaining useful life of 10 years and residual value of $100,000. Because of pick-up and delivery issues at the warehouse, a contractor was hired to construct a new door into the east wall during the week of January 5, 2020, for $35,500 on account. The estimated useful life of the door is 10 years with an estimated residual value of $8,500. Athletic uses the straight-line method to depreciate assets Required: 1. Record the installation of the new door. View transaction list Journal entry worksheet Record addition of door on East wall of warehouse. Note: Enter debits before credits. General Journal Credit Date January 05, 2020 Record entry Clear entry View general journal Debit