User Account

All Pages

How much cash did Vaughn receive

Assignment Help Accounting Basics
Reference no: EM132737737

Question - Vaughn Manufacturing purchased machinery for $910000 on January 1, 2017. Straight-line depreciation has been recorded based on a $59500 salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $13000. How much cash did Vaughn receive from the sale of the machinery?

a. $126400

b. $185900

c. $245400

d. $159900

Reference no: EM132737737

Questions Cloud

How much should juan report as foreign currency gain : Philippine Corporation, How much should Juan report as foreign currency gain/loss in its income statement for the year ended December 31, 2021?
Create an introduction and internal analysis : Create an Introduction and Internal Analysis for the company NETFLIX Introduction Should include:
What the best to evaluate dato amru ethical action : Dato' Amru is one of the board committee members,What the best to evaluate Dato' Amru's ethical action in relation to Rawl's Veil of Ignorance is
Specific actions the senior leaders : If a company wanted to transition from a "bureaucratic culture" to a "customer-centric culture," explain 3-to-5 specific actions the senior leaders would need t
How much cash did Vaughn receive : The machinery was sold on May 1, 2021 at a gain of $13000. How much cash did Vaughn receive from the sale of the machinery
What are the positives of a hospital : What are the positives of a hospital that has the chance to hire a doctor who is doing ground-breaking but controversial research on the cloning of humans
Describe teaching experience and discuss your observations : The RN to BSN program at Grand Canyon University meets the requirements for clinical competencies as defined by the Commission on Collegiate Nursing Education.
Calculate the gain or loss for the sale of the equipment : Calculate the gain/loss for the sale of the equipment. Koch Company owns equipment that cost $100,000 when purchased on January 1, 2007.
Compare and contrast the 4 common forms of derivatives : 1.Compare and contrast the 4 common forms of derivatives. Cite a scenario to elaborate each.

Reviews

Write a Review

Accounting Basics Questions & Answers

  At the end of the current year, the following information

At the end of the current year, the following information is available for both Atlas Company and Bryan Company

  This makes no sense at all said bill sharp president of

this makes no sense at all said bill sharp president of essex company. we sold the same number of units this year as we

  Estimate of year-end accounts receivable balance

Using the mean-per-unit estimation technique, Rotter's estimate (to the nearest dollar) of year-end accounts receivable balance would be

  Determine the present value of the bonds payable

Caps Co. produces and sells bottle capping equipment for soft drink and spring water bottlers. Determine the present value of the bonds payable

  Plantwide versus department overhead rates

Suppose that instead of using a plantwide overhead rate, the company had used a separate predetermined overhead rate in each department. Under these conditions:

  How many units must be sold to achieve

Phan Company has not reported a profit in five years. How many units must be sold to achieve its target given that total fixed costs are $63,000

  Calculate inventory at the end

On December 31, 2013, the Charlie Company adopted the dollar-value LIFO inventory method. Calculate inventory at the end

  What is the journal entry necessary to adjust deferred taxes

Addison Co. has one temporary difference at the beginning of 2017 of $500,000. The deferred tax liability established for this amount is $150,000.

  Advantages does it offer users over a single core processor

What is an eight core processor? What advantages does it offer users over a single core processor? Are there any potential disadvantages?

  Calculate the payback period for the tractor investment

Nixon Harvesting is considering the purchase of a new tractor. Calculate the payback period for the tractor investment.

  Determine cost of completed and transferred-out production

The beginning work in process inventory had a cost of $1,100. Determine the cost of completed and transferred-out production and the ending work in process

  Identify the type of auditor report

You are required to: Identify the type of auditor's report to be issued for each of the above situations

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