Debit the depreciation account

Assignment Help Financial Accounting
Reference no: EM131292666

Debit the Depreciation Account and Credit Accumulation Depreciation for the following: June 30, 2014-Sold a computer that was purchased on January 1, 2011.The computer cost $30,000. It had a useful life of 5 years with no salvage value. The computer was sold for $10,500.

Reference no: EM131292666

Questions Cloud

Description comparing the certifications : Write a 500 word WordDoc description comparing the following certifications:
Analyze the operating efficiency of the firm : Provide a background of the firm, industry, economy, and outlook for the future. Analyze the short term liquidity of the firm. Analyze the operating efficiency of the firm. Analyze the capital structure of the firm.
What is the order of the reaction in b : For the reaction A + 2B → 3C, assume that it follows the stoichiometric relation given. What is the order of the reaction in B? Write down the expression for the rate of disappearance of B and the rate of appearance of A
Prepare a statement of financial position for simpsons : Corporate Accounting (BBAC401) Prepare a statement of profit or loss and other comprehensive income for Simpsons Ltd for the year ended 30 June 2018, according to the requirements of AASB 101 (classify expenses by function) - Prepare a statement of..
Debit the depreciation account : Debit the Depreciation Account and Credit Accumulation Depreciation for the following: June 30, 2014-Sold a computer that was purchased on January 1, 2011.The computer cost $30,000. It had a useful life of 5 years with no salvage value. The computer ..
Determine the rate constant for the disappearance of b2 : Determine the rate constant for the disappearance of B2 in units of m3/mol/s and m3/s.
Project management perspective for the ecommerce project : Part 1: List and discuss the major risk management functions from a project management perspective for the eCommerce project. Part 2: Describe a positive and negative risk event, the related consequences, and the risk response plans for the eCommer..
What are the mean and standard deviation of returns : What are the mean and standard deviation of returns on her optimal risky portfolio? Must show your calculation by including the formulas you used.
Necessary for laws to promote and protect unions : Do you think it is still necessary for laws to promote and protect unions? What would you change regarding union laws? Justify your answer.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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