Jamestown ltd balance of non-current assets total was 75

Assignment Help Financial Accounting
Reference no: EM13352141

Jamestown Ltd balance of non-current assets total was $7.5 million at 1st January 2016 and closing balance was $6.4 million at 31st December 2016. These balances do not have accumulated depreciation deducted. Current period depreciation expense was $975,000. Opening balance of all accumulated depreciation accounts at 1st January 2016 totaled $3 million. At 1st January 2016 there was a sale of buildings for cash of $200,000 and the original cost of the buildings was $840,000.

Evaluate the investing cash flows - consider there were no other non-current assets sold during the period or revalued.

Reference no: EM13352141

Questions Cloud

A company manufactures a sells and product it for 120 per : a company manufactures a sells and product it for 120 per unit. the net fixed costs of manufacturing and selling the
Prescribing policiespreparationbullreview chapters 1 and : prescribing policiespreparationbullreview chapters 1 and 5.bullread review question 8.bullreview figure 5.2
Moon company uses the variable cost idea of applying the : moon company uses the variable cost idea of applying the cost-plus approach to product pricing. the costs and expenses
On 2nd january fred critchfield paid 10500 for 1000 shares : on 2nd january fred critchfield paid 10500 for 1000 shares of the common stock of acme company. mr. critchfield
Jamestown ltd balance of non-current assets total was 75 : jamestown ltd balance of non-current assets total was 7.5 million at 1st january 2016 and closing balance was 6.4
Wzmu is a television station that has 25 thirty-second ads : wzmu is a television station that has 25 thirty-second ads slots during each evening. the station is now selling ads
Presume you are planning web server computer capacity for a : presume you are planning web server computer capacity for a business that has 5000 business customers and sells about
Adcock corp had 500000 net loss in 2012 on 1st january 2012 : adcock corp. had 500000 net loss in 2012. on 1st january 2012 there were 200000 shares of common stock outstanding. on
Mark womer as well as brian perry were members of the u s : mark womer as well as brian perry were members of the u. s. navy and were stationed in newport rhode island. on april

Reviews

Write a Review

Financial Accounting Questions & Answers

  Question ysl marketing research is a small firm located in

question ysl marketing research is a small firm located in seattle washington. on behalf of its clients the firm

  Describe why an equal percentage increase

Describe why an equal percentage increase (or decrease) in sales for each firm would have such differing effects on operating income. Evaluate the ratio of contribution margin to operating income for each firm in 2008.  (Hint:  Divide contribution..

  What was the real rate of interest on this loan

Prepare the suitable journal entry to record the year-end discount amortization on December 31, 20X7 and prepare the suitable journal entry to record the payment of the note on 31 st March, 20X8.

  Illustrate what is the maximum amount of before-tax salary

Lara's employer has a 40 percent marginal tax rate. Ignoring payroll taxes, illustrate what is the maximum amount of before-tax salary Lara would give up to receive health insurance?

  Question a client has engaged you to inform her on how she

question a client has engaged you to inform her on how she is doing with her preparation for retirement. she is a

  Illustrate what will appear on fun-based financial

Assuming that the landfill is recorded within the general fund, illustrate what will appear on the fun-based financial statements for this landfill for the year ended December 31, 2010?

  Evaluate dina''s basis in the land

What is the amount and character of the profits Dina recognizes as a result of the distribution? Evaluate Dina's basis in the land?

  Purpose the bank reconciliation

Purpose the bank reconciliation at 30 th September, 2012. Purpose the adjusting entries at September 30, consider the NSF check was from a customer on account, and no interest had been accrued on the note.

  Determine the results of both step of the section

Determine the results of both Step 1 and Step 2 of the Section 1231 netting process and the effect of these occurrences on Brad's net income.

  Evaluate the activity-based costing rates

The shift in the amount of manufacturing overhead costs applied to the mix of products produced that occurs when using a single cost driver rate as compared to using activity-based costing rates

  What is the adjusting entry mercy cosmetics would record

The company estimates that 16% of accounts will not be collected over the next year. What is the adjusting entry Mercy Cosmetics would record for the allowance for uncollectible accounts?

  Draw journal entries to record these events

1,500 Memberships were sold to the public in the amount of $40 each. Membership provides the individual with a monthly magazine and other benefits. The estimated fair value of member benefits is $25. The member year runs from July 1 to June 30.

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