Computer equipment purchased 6 12 years ago for 170000

Assignment Help Accounting Basics
Reference no: EM13595957

Computer equipment purchased 6 1/2 years ago for $170,000, with an estimated life of 8 years and a residual value of $10,000, is now sold for $60,000 cash.How to Journalize the entries.

Reference no: EM13595957

Questions Cloud

Joe worked on his accounting homework for one and one half : joe worked on his accounting homework for one and one half hours. during that time he completed 6 problems. what is the
If 335 ml of vinegar needs 440 ml of 0135 m naoh to reach : if 3.35 ml of vinegar needs 44.0 ml of 0.135 m naoh to reach the equivalence point in a titration how many grams of
A company is considering a special order for 1000 units to : a company is considering a special order for 1000 units to be priced at 8.90 the normal price would be 11.50. the order
Lucinda owns 1100 shares of old corporation stock at a time : lucinda owns 1100 shares of old corporation stock at a time when old corporation has 2000 shares of stock outstanding.
Computer equipment purchased 6 12 years ago for 170000 : computer equipment purchased 6 12 years ago for 170000 with an estimated life of 8 years and a residual value of 10000
Compute the net present value of the project at 14 by : bradley companys required rate of return is 14. the company has an opportunity to be the exclusive distributor of a
In the lab you determine the molarity of kmno4 to be 008611 : in the lab you determine the molarity of kmno4 to be 0.08611 m for your first titration and 0.08837 m for your second
How does the hammond postulate explain a the greater : how does the hammond postulate explaina. the greater selectivity for bromination vs. chlorination of an alkane?b. the
A 650 g sample of zinc specific heat 00922 calg x deg c : a 65.0 g sample of zinc specific heat 0.0922 calg x deg c was cooled from 100.0 deg. c to 29.4 deg. c in a calorimeter

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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