Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determine depreciation method used and date of asset acquisition; record disposal of asset. The balance sheets of HiROE, Inc., showed the following at December 31, 2014, and 2013:
Required:a. If there have not been any purchases, sales, or other transactions affecting this equipment account since the equipment was first acquired, what is the amount of the depreciation expense for 2014?b. Assume the same facts as in part a, and assume that the estimated useful life of the equipment to HiROE, Inc., is eight years and that there is no estimated salvage value. Determine:1. What the original cost of the equipment was.2. What depreciation method is apparently being used. Explain your answer.3. When the equipment was acquired.c. Assume that this equipment account represents the cost of 10 identical machines. Calculate the gain or loss on the sale of one of the machines on January 2, 2015, for $60,750. Use the horizontal model (or write the journal entry) to show the effect of the sale of the machine.
last year the house of orange had sales of 826650 net operating income of 81000 and operating assets of 84000 at the
tan company had these transactions pertaining to stock investments feb. 1 purchased 3000 shares of norton company 10
At Flint Company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The unit sales price is:
bobbi brown has come to me and asked for my help. sherecently started up a new consulting practice and needs some
the following account balances are taken from the records of chauncey company at december 31 2010. the prepaid
ideas inc. uses the perpetual inventory method. last month archer supply returned 1000 frames to ideas that were
What are the total costs for the Residential department using the direct method?
pearson began 2012 with 30000 1 common shares issued and outstanding. paid in capital in excess of par was 25000 and
Develop a plan for how to resolve ethical and legal issues
abbott and abbott has a noncontributory defined benefit pension plan.nbspnbspat december 31 2011 abbott and abbott
What is the Net Present Value of the new equipment
sutton company produces flash drives for computers which it sells for 20 each. the variable cost to make each flsh
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd