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!
Depreciation by units-of-output method
Prior to adjustment at the end of the year, the balance in Trucks is $296,900 and the balance in Accumulated Depreciation-Trucks is $99,740. Details of the subsidiary ledger are as follows:
Accumulated
Miles
Estimated
Depreciation
Operated
Truck
Residual
Useful
at Beginning
During
No.
Cost
Value
Life
of Year
Year
1
$80,000
$15,000
250,000 miles
-
21,000 miles
2
54,000
6,000
300,000
$14,400
33,500
3
72,900
10,900
200,000
60,140
8,000
4
90,000
22,800
240,000
25,200
22,500
a. Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year.
b. Journalize the entry to record depreciation for the year.
In a probability-proportional-to-size sample with a sampling interval of $10,000, an auditor discovered that a selected account receivable with a recorded amount of $5,000 had an audited amount of $4,000.
Use the absorption costing approach to evaluate the markup required to make the desired return on investment based on the subsequent information.
Prepare journal entries in good form to record the foregoing transactions for the year ended June 30, 2011 and prepare a statement of net assets for the year ended June 30, 2011.
How many units were lost in production? The unit costs of materials, labor, and overhead, respectively are.
Discuss why cash budgeting is particularly important for a rapidly expanding company such as A&A Corporation.
Evaluate the entries that fix this error. SAS normally depreciated assets like printing presses over five years. Assume that the 12/31/07 books are still open.
At the end of Snyder Department Store's fiscal year on November 30, 2012, these accounts appeared in its adjusted trial balance.
According to the activity-based costing system, the average cost of product P58Z is closest to - data from its activity-based costing system
Prepare the 2009 financial statements for The Walt Disney Company on the Internet.
Complete the cost schedule, identifying each cost by the appropriate letter (a) through (o) - Within this range, the following partially completed manufacturing cost schedule has been prepared
Prepare a statement of cash flows. Include proper heading for the financial statement, and categorize the given information into the categories of operating, investing and financial activities.
Under FAS 123R, how would this transaction be reported in SAS's 12/31/09 year-end financial statements-would these terminated options result in some sort of an adjustment? If there is an adjustment, please make the appropriate entry or entries?
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