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- In a case where I must record transactions made by a company they ask me to depreciate a van I've purchased this year. So in 2 separate transactions I Cr cash for amount of the van and Dr Van(asset) for the same amount. I then depreciate using the units method finding that $8347 has depreciated so far, so I Dr depreciation expense $8347 and Cr A/D van $8347. The case then states at fiscal year end the van is found to have a "recoverable amount of $38 000, Do i have to depreciate further to match this amount? the van costed 51 000 and minus depreciation this year its value is more then 38 000. Do I account for this difference by Dr depreciation for the difference and crediting AD van again?
discuss the factors that acompany must consider when deciding whether to use a job order or a process cost system. what
on september 1 2012 winans corporation acquired aumont enterprises for a cash payment of 713680. at the time of
A corporation was organized in January 2004 with authorized capital of $10 par value common stock. On February 1, 2004, shares were issued at par for cash. On March 1, 2004, the corporation's attorney accepted 7,000 shares of common stock in settl..
If a stock has a constant growth rate of 6% per year and paid a dividend of $5.00 yesterday, what is the value of the stock if the discount rate is 10%?
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The beginning cash balance is $50,000. January cash collected from sales is $745,000 and What is the company's ending cash balance for January
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