International Development homework help
International Development homework help. I need help with these questions. I am needing to put them in a ledger so I can do a balance sheet over it, but I can’t come up with the correct amounts to make my balance sheet equal and need a little extra help. Like the debit and credit. I uploaded the document if that helps. 1. Record depreciation for the Buildings account. The depreciation on the buildings owned prior to December is $2500 per month. The building purchased December 2nd has a salvage value of $30,000 and an estimated life of 40 years. (Info for the account: Building was purchased for $300000)2. Depreciation for office equipment owned at the beginning of the month is $6250. (Info for equipment: Beginning balance is $250000)3. Record depreciation for the automobiles account. The depreciation on the automobiles owned prior to December is $1000 per month. The automobile purchased december 2nd has a salvage value of $5000 and an estimated life of 4 years. (Info for the Auto: Purchased the auto for $45000)5. Record accrued interest on the note in question number 3 above. Round to the nearest dollar. (More info for auto: Purchased auto for $45000 paying $20000 in cash with a remainder on a 6 month 6%note.) The professor gave us what the adjusted balance should come to and thats $14,113,571. I am lost and I am not coming up with the right answers to match it. I need help and its due tonight and I have more to work on, but need help with this so I can finish the project.
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