Essay On Equipment                        62,000June

Review Session for Final Exam Review session for FINAL EXAM ACCT 6087Chapter 10 Plant Assets, depreciation, gain/loss on disposalChapter 13 Capital Stock TransactionChapter 14 Dividends and Retained EarningsChapter 15 Bonds and MortgageChapter 17 Statement of Cash FlowEXERCISE 10-9Jan.        1        Accumulated Depreciation—Equipment                62,000                        Equipment                        62,000June        30        Depreciation Expense                 4,500                        Accumulated Depreciation—Equipment                          ($45,000 X 1/5 X 6/12)                         4,500        30        Cash                14,000                Accumulated Depreciation—Equipment                  ($45,000 X 3/5 = $27,000; $27,000.