Reference no: EM13496183
Entries for Sale of Fixed Asset
Equipment acquired on January 5, 2009, at a cost of $380,000, has an estimated useful life of 16 years, has an estimated residual value of $40,000, and is depreciated by the straight-line method.
a.What was the book value of the equipment at December 31, 2012, the end of the year?
b.Assume that the equipment was sold on July 1, 2013, for $270,000.
1.Journalize the entry to recorddepreciationfor the six months until the sale date.
2.Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank or enter "0".
|
Reluctant to participate in focus groups
: Reluctant to participate in focus groups.
|
|
Would the expected return of the portfolio rise or fall
: Calculate (a) the expected return and (b) the volatility (standard deviation) of a portfolio that consists of a long position of $10,000 in Johnson & Johnson and a short position of $2000 in Walgreen’s.
|
|
Find the angular frequency of revolution of the electrons
: In an experiment designed to measure the strength of a uniform magnetic field produced by a set coils, find the angular frequency of revolution of the electrons
|
|
Differentiate between social behavior and culture
: Differentiate between social behavior and culture
|
|
Estimate entries for sale of fixed asset
: Equipment acquired on January 5, 2009, at a cost of $380,000, has an estimated useful life of 16 years, has an estimated residual value of $40,000, and is depreciated by the straight-line method.
|
|
The national association of social workers
: Submit your reaction to this statement of the National Association of Social Workers (NASW). Describe what you think is the role of social workers in equal rights and access to LGBTQ populations.
|
|
Obtain the magnitude of the magnetic field
: In an experiment designed to measure the strength of a uniform magnetic field produced by a set coils, What is the magnitude of the magnetic field
|
|
What angle does the force vector make
: A positive charge q=3.2 x 10^-19 C moves with a velocity v=(2i + 3j - k)m/s through a region where both a uniform magnetic field, What angle does the force vector make relative to the positive x axis
|
|
How ethics can best be incorporated in organisations
: Demonstrate in your critical analysis how the use of Ethics by the parties involved could have assisted in better operation of News Ltd. Provide an insight into how Ethics can best be incorporated in organisations and those charge with Corporate G..
|