User Account

All Pages

Contributions of long-lived assets may affect

Assignment Help Accounting Basics
Reference no: EM13657875

Contributions of long-lived assets may affect more than one type of fund.

Discovery Barn, a not-for-pro?t science center for children, received a contribution of $30,000 explicitly designated for the acquisition of computers. During the year it acquired $21,000 of computers, which it estimated to have a useful life of three years. It is the policy of the organization to charge an entire year's depreciation in the year of acquisition.

Prepare all required journal entries, being certain to indicate the type of fund in which each entry would be made.

Reference no: EM13657875

Questions Cloud

Prepare the journal entry to record the purchase : Prepare the journal entry to record the purchase
Identify how these risks might be mitigated : Identify how these risks might be mitigated.
Analyze the debt-to-equity ratio of harley-davidson : Analyze the debt-to-equity ratio of Harley-Davidson
Examine the significant differences between the harley-david : Examine the significant differences between the Harley-Davidson
Contributions of long-lived assets may affect : Contributions of long-lived assets may affect
Rod rests horizontally with its ends each supported by scale : A 2.0 m long rod has a density explained by λ = a + bx, where λ is the density in kilograms per meter of length, a = 5.0 kg/m, b =4.0 kg/m2, and x is the distance in meters from the left end of the rod. The rod rests horizontally with its ends each s..
The problems an analyst might encounter in analyzing foreign : What are some of the problems an analyst might encounter in analyzing foreign financial statements?
What is the total amount of assets invested : What is the total amount of assets invested in (a) Polaris and (b) Arctic Cat?
The refraction index for water : Light of wavelength 517 nm in air enters a fishbowl full with water, and then exits during the crown-glass wall of the container. What is the wavelength of the light in the water? The refraction index for water is 1.333 and for crown-glass 1.52.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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