Discarded piece of equipment

Assignment Help Financial Accounting
Reference no: EM131255886

On December 31, Burgess, Inc. discarded a piece of equipment. The initial cost of the equipment was $180,000 with an accumulated depreciation of $176,000. Depreciation has been taken up to the end of the year. The following will be included in the entry to record the disposal.

Reference no: EM131255886

Questions Cloud

What is investigative reporting : What is investigative reporting? How is it relevant to white collar crime? Why or why not is it helpful in fighting white collar crime?
How changes in external environment affect the om strategy : Identify how changes in the external environment affect the OM strategy for a company. -  For instance, discuss what impact the following external factors might have on OM strategy:
Examine the concept of health care ethics : Consider the concept of ethics in health care predicated on ethical theories and moral theories, and explore the connection of such ethics with ethics committee decision making. Rationalize the primary concerns of conception, wrongful birth, and a..
Explain and contrast the five as of information security : 1. Explain and contrast the five As of information security 2. Explain the concept of sloppy code versus secure code as presented in the textbook, and give examples that illustrate each concept.
Discarded piece of equipment : On December 31, Burgess, Inc. discarded a piece of equipment. The initial cost of the equipment was $180,000 with an accumulated depreciation of $176,000. Depreciation has been taken up to the end of the year. The following will be included in the en..
How changes within an organization affect the om strategy : Identify how changes within an organization affect the OM strategy for a company. -  For instance, discuss what impact the following internal factors might have on OM strategy.
Analyze general points between initiating civil procedures : From the scenario, analyze the general points between initiating civil procedures, the prevalent practices of these procedures within health care litigation solutions, and the influence of corporate structure on resolutions and subsequent legal pr..
Examples of firms that have sustained competitive advantage : Find examples of firms that have sustained competitive advantage by competing on the basis of cost leadership, response, and differentiation.
Define process improvement framework : Compare and contrast the fundamental differences between process improvement framework and problem solving framework. Provide one (1) example of business management applying each framework to support your response.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What was the company turnover rounded to the nearest tenth

Last year the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?

  Honey butter inc manufactures a product that goes through

honey butter inc. manufactures a product that goes through two departments prior to completion. the following

  Prepare the journal entries to record

Foreman Company issued $800,000 of 10%, 20-year bonds on January 1, 2012, at 119.792 to yield 8%. Interest is payable semiannually on July 1 and January 1.

  Continuing clients business for planning an audit

Which of the following provides the best method of obtaining an understanding of a continuing client's business for planning an audit?

  Determine units-of-production depreciation for the year

Determine the depreciable cost, the straight-line rate, and the annual straight-line depreciation -

  Personal exemption to figure his taxable income

hris’ expected pre-tax bonus is $20,000. Chris earns a base salary of $30,000. Chris files as a single taxpayer with no itemized deductions. (Use the 2014 standard deduction and one personal exemption to figure his taxable income and the 2014 single ..

  Multiple choice question based on stock

multiple choice question based on stock valuation.1.nbspcarter corporation had net income of 250000 and paid dividends

  Compute trend percents for the accounts

Compute trend percents for the following accounts, using 2011 as the base year (round the percents to whole numbers). State whether the situation as revealed by the trends appears to be favorable or unfavorable for each account.

  Show the current accounts for harold and george cobb

Using the information from Question, show the current accounts for Harold and George Cobb for the year ending 31 December 1998.

  Attributed to the value of land

Terry purchased and placed into service a building that costs $2 million. An appraisal determined that 25% of the total cost was attributed to the value of land. The bottom floor of the building is leased to a retail business for $32,000.

  Why provisions are liabilities of uncertain timing or amount

Identify a set of IFRS-compliant annual financial statements for 2009 or 2010 and provide information in rows 1 to 4 in the table below.

  Cash flows for barton publication company

Prepare the statement of cash flows for Barton Publication Company, Inc., for the year ended March 31, 2010, using the indirect method for operating cash flows.

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