At the beginning of the year grillo industries bought

Assignment Help Accounting Basics

Reference no: EM13594580

At the beginning of the year . Grillo Industries bought three used machines from Freeman Incorporated .The machines were immediately overhauled, installed and started operating Because the machines were recorded separately in the accounts

Cost of the asset Machine A Machine B Machine c..

$10, 600
Residual Cost 1,100.
Total Cost 9,500

Assuming a 5 yr life what should be the JE at the end of the first Yr .My calculations Cr accumulated dep 1,900 and debit Debep exp 1,900 but my debit was wrong. am i missing something.

Reference no: EM13594580

Questions Cloud

American-based companies are required to adhere to us gaap : american-based companies are required to adhere to u.s. gaap generally accepted accounting principles however as

The directions tell you to dissolve 680g of sodium hydrogen : concrete etching solution can be used to clean concrete before paining it. the directions tell you to dissolve 680g of

I 050 mol of cocl2 is placed in a 20l flask what will the : if 0.50 mol of cocl2 is placed in a 2.0l flask what will the concentration of all the reactants and products be when

A 4305-gram sample of a nonelectrolyte is dissolved in 105 : a 4.305-gram sample of a nonelectrolyte is dissolved in 105 grams of water. the solution freezes at -1.23degc.

At the beginning of the year grillo industries bought : at the beginning of the year . grillo industries bought three used machines from freeman incorporated .the machines

Calculate the volumetric size of a water molecule in vapor : calculate the volumetric size of a water molecule in vapor assuming 1 mole of the vapor occupies 22.4 l as if the

A roller coaster goes through a complete loop if the train : a roller coaster goes through a complete loop. if the train is given an initial speed of v0 30 ms what is the largest

The antifreeze in a car was a 50 by weight solution of : the antifreeze in a car was a 50 by weight solution of ethylene glycol c2h6o2 in water. calculate the boiling point and

Calculate the maximum number of moles and mass of iodic : calculate the maximum number of moles and mass of iodic acid hio3 that can form when658 g iodine trichloride reacts

User Account

All Pages