User Account

All Pages

Make the necessary journal entries for seul co

Assignment Help Accounting Basics
Reference no: EM132580593

Seul Co. purchased a truck for 250.000 $ on 1 January 2015. The company estimated the useful life 200.000 km, and residual value 50.000 $. The company uses the revaluation model for trucks.

The annual usage km and fair values are given below

Question 1: make the necessary journal entries.

Date Km            Fair            Value

31.12.2015         40.000    190.000 $

31.12.2016         50.000      180.000 $

Reference no: EM132580593

Questions Cloud

Which method yield higher cash flows from operating activity : Which method will yield higher cash flows from operating activities? Both direct and indirect methods will yield the same amount.
What is the cash paid for depreciation : The beginning inventory balance is $134,000 and ending balance for the year is $145,000 respectively. What is the cash paid for depreciation
Show the bank account in sarah general ledger : Prepare reconciliation of the bank statement balance to the corrected balance on the bank account in Sarah's general ledger. Show the bank account in Sarah's
How a change in cash can be accounted for by changes in : How A change in cash can be accounted for by changes in? Identify Cash flows from investing includes everything, except, the?
Make the necessary journal entries for seul co : Make the necessary journal entries for Seul Co. Seul Co. purchased a truck for 250.000 $ on 1 January 2015. The company estimated the useful life 200.000 km
Prepare the journal entries required on each of the dates : Prepare the journal entries required on each of the above dates. (If no entry is required for a transaction/event, select "No journal entry required")
Prepare finish a bond amortization schedule : Prepare finish a bond amortization schedule.A company's depreciation expense is $15,000. Its beginning inventory balance is $134,000 and ending balance
Present the journal entries that abc company should record : Assuming ABC Company uses a perpetual inventory system, present the journal entries that ABC Company should record for these transctions
Make the necessary journal entry or entries : Make the necessary journal entry or entries.The values of the works are prone to fluctuate considerably based on the ever changing

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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