User Account

All Pages

Find the cash received from the sale of the equipment

Assignment Help Managerial Accounting
Reference no: EM132955717

Problem 1: Green Company reports depreciation expense of $51,000 for Year 2. Also, equipment costing $173,000 was sold for a $6,100 gain in Year 2. The following selected information is available for Green Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.

At December 31                                   Year 2           Year 1

Equipment                                     $665,000        $838,000

Accumulated Depreciation-Equipment   472,000              555,000

Reference no: EM132955717

Questions Cloud

What is the optimal hedge ratio : An airline company expects to purchase three million gallons of jet fuel in one month and decides to use heating oil futures for hedging. The standard deviation
Evaluate and reflect on the influences driving demand : How are the authors carrying out the task? Are their methods and comments appropriate and adequate to the task and What do they claim to have found out?
Impact of current covid-19 pandemic on international finance : Please discuss, the impact of the current COVID-19 pandemic on international finance and exchange rate movements over the last seven or eight months.
Prepare a budget performance report for supervisor of depart : The budget for Department 6 of Cardinal Company,Prepare budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March.
Find the cash received from the sale of the equipment : How do compute the cash received from the sale of the equipment. Green Company reports depreciation expense of $51,000 for Year 2.
How would respond to mrs jamison if were in lisa position : If you were in Lisa's position, how would you respond to Mrs. Jamison? Address potential ethical implications and applicable accounting principles
Report on an existing digital strategy of an organisation : Report on an Existing Digital Strategy of an Organisation - Analyse the range of e-business models and strategies used currently by an organisation
What will be the effect on the year net income : What would you do if you were in Susan's? If Susan increases the value of the current year's ending inventory, what will be the effect on the year's net income?
Discuss departmental income statement : Explain departmental income statement and the criterion for division of indirect costs among departments. Provide a hypothetical example

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd