Amount spent on acquisition of equipment

Assignment Help Accounting Basics
Reference no: EM13987597

The equipment at cost account at the start of Year 2 records a total of £34m. The equipment at cost account at the end of Year 2 records a total of £37m. An asset of original cost £5m was sold during the period. What was the amount spent on acquisition of equipment?

Reference no: EM13987597

Questions Cloud

Federal estate tax consequences of deaths : Each has a will that passes her property to her surviving sister(s) or, if no survivor, to their church. Within a period of two years and on different dates, all three sisters die. Dis- cuss the Federal estate tax consequences of these deaths.
Savings plan is necessary to reach a financial goal. : Often, a savings plan is necessary to reach a financial goal. By understanding the various saving plans available (bank savings account, money market account, CDs, retirement plans, college saving plans, and so on) and choosing the best option, you c..
Estimate the number of children : For a craft activity at a daycare, each child will need 1.75 yards of ribbon adn 2.8 yards of fabric. there are 25 yards of ribbon and 30 yards of fabric available. Estimate the number of children that can participate in the activity
Amount of cash was raised issue of shares : The share capital account increased by £40m during Year 4. The share premium reserve increased by £20m. What amount of cash was raised by the issue of shares?
Amount spent on acquisition of equipment : The equipment at cost account at the start of Year 2 records a total of £34m. The equipment at cost account at the end of Year 2 records a total of £37m. An asset of original cost £5m was sold during the period. What was the amount spent on acquis..
Creating a budget : Creating a BudgetCreate a current or future budget for yourself using Microsoft Excel. The budget must include the following: Four fixed costs Four variable costsAny sources of income Balance upon completion
Amount of cash paid to suppliers : Purchases on credit during Year 3 amount to £20m. The trade payables (creditors) at the start of Year 3 were £6m. The trade payables (creditors) at the end of Year 3 were £4m. What is the amount of cash paid to suppliers during Year 3?
Purchases of goods or materials : Explain how the purchases of goods or materials is calculated if we know the cost of goods sold and the inventory (stock) at the start and end of the period.
What is the probability of randomly choosing red jelly bean : What is the probability of randomly choosing a red jelly bean from a jar containing 20 red, 23 green, and 7 black jelly beans

Reviews

Write a Review

Accounting Basics Questions & Answers

  Mirk labs is a pharmaceutical company which currently

mirk labs is a pharmaceutical company that currently enjoys a patent monopoly in europe canada and the united states

  Salvage value at time problem

However, plans were finalized in 2011 to relocate the company headquarters at the end of 2015. The vacated office building will have a salvage value at that time of $700,000.

  Austin wool products purchases raw wool and processes it

austin wool products purchases raw wool and processes it into yarn. the spindles of yarn can then be sold directly to

  Explain how each of the events would affect the accounting

olive enterprises experienced the following events during 2012. 1. acquired cash from the issue of common stock. 2.

  Calculate the amount of overhead costs applied to production

Calculate the amount of overhead costs applied to production if the predetermined overhead rate is $4 per direct labor hour and 1,200 direct labor hours were worked.

  Language of business

Is accounting the thought to be language of business because business information is communicated to users

  Financial statements of tootsie roll

The financial statements of Tootsie Roll are presented below.

  What is fedexs strategy for success in the marketplace

what is fedexs strategy for success in the marketplace? does the company rely primarily on a customer intimacy

  Audience-focused communication matrix

Use the matrix to complete the information. Write 3-4 sentences for each item. • What are some audience characteristics you need to consider?

  Budgeted production 1000 units actual production 980

budgeted production 1000 units actual production 980 unitsmaterials standard price per lb 2.00 standard pounds per

  The city of mirada wants to offer cable television to its

the city of mirada wants to offer cable television to its residents in 2013. the city has approached a company called

  Which of the following would not be classified as a current

1.the assumed continuation of a business entity in the absence of evidence to the contrary is an example of the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd