Reference no: EM132620964
Question - Hackel has a policy of recording depreciation as detailed as possible. Therefore, for a machine purchased on 10th or 11th, they consider the depreciation for the rest of the month, i.e., 2/3 of the months. For a machine purchased on 14th or 15th, they consider the depreciation for the rest of the month, i.e., ½ of the months.
Required -
1. Complete the table for the year ended December 31, 2022.
2. Suppose on 12/31/2023, Hackel found out that the expected undiscounted net cash flows for Machine A is 100,000, and the fair value of Machine A is 70,000. Please explain if impairment loss needs to be recorded and why. Record the journal entry if needed.
3. Suppose on 1/1/2023, Hackel sold Machine D for 100,000. Please record the transaction.
|
What is the chi square value and its significance
: What is the chi square value and its significance (based on its critical value)? (Show all work)
|
|
Assess ethical issues in relation to foundational values
: Ethical decision making within organisations typically does not depend on the personal values and morals of employees and ow organisational culture
|
|
Different groups are dealing with different cultures
: The different groups are dealing with different cultures, various levels of education and experience, and differing motivation levels to succeed.
|
|
Find what was net income for kohl
: Find What was net income for 2016? During fiscal 2016, Kohl's had sales of $18,686 million, Cost of merchandise sold of $11,944 million
|
|
Complete the table for the year ended December
: Hackel has a policy of recording depreciation as detailed as possible. Complete the table for the year ended December 31, 2022
|
|
Several models for developing scorecard
: You will find that there are several models for developing a scorecard. Assess and analyze two of these formats.
|
|
What are the balances for accounts payable
: Operating expenses totalled $1100, all paid in cash. Under cash accounting, what are the balances for operating expenses and accounts payable?
|
|
Which month should kelly report the revenue on the company
: Denise Kelly Began a cleaning supplies business in January, Which month should kelly report the $35 revenue on the company's income statement
|
|
Examine the transaction for Cellar Company
: Examine the following transaction for Cellar Company, which uses the gross method of recording sales of merchandise and a perpetual inventory system
|