Make to record the sale of the equipment

Assignment Help Financial Management

Reference no: EM131316650

Carey Enterprises sold equipment on January 1, 2015 for $10,000. The equipment had cost $48,000. The balance in Accumulated Depreciation at January 1 is $40,000. What entry would Carey make to record the sale of the equipment?

Reference no: EM131316650

Questions Cloud

Highlight the pertinent facts : Highlight the pertinent facts; Identify the issue of law and/or fact posed by the case problem; What should be the decision in the case? Defendant was seen inside the office of a manufacturing company by police one evening. The office was supposedly ..

Analyze the influence of digital technology on digital media : Demonstrate how mass media may influence or create the effect in the public by distributing certain messages.Determine if there is an unethical influence on the public.Describe the historical and contemporary roles of electronic and digital media in ..

Plot the payoff diagram for lisas new portfolio : Suppose that Lisa Emerson owns a share of Zytex Chemical stock, which is worth $100 per share.- Plot the payoff diagram for Lisa's new portfolio and explain how it relates to this chapter's Opening Focus.

What were consequences of the code hammurabi : What were consequences of the Code Hammurabi for ancient society, and how does this system of justice compare to modern American laws

Make to record the sale of the equipment : Carey Enterprises sold equipment on January 1, 2015 for $10,000. The equipment had cost $48,000. The balance in Accumulated Depreciation at January 1 is $40,000. What entry would Carey make to record the sale of the equipment?

Calculate price of a put option that expires in six month : The annual risk-free rate is 5 percent. Calculate the price of a put option that expires in six months and has a strike price of $35.

What do you anticipate your salary : If you are earning a salary of $40,000 in 2016 and expect to receive 4% raises per annum on January 1, what do you anticipate your salary will be in 2025? You hope to buy your dream car 5 years from now. Today, that car costs $88,000 but you expect t..

When is each type of analysis appropriate explain : When is each type of analysis appropriate? Explain. What type of analysis will you use for the IRTC customer service system project? Why?

Evaluate present value of the introduction of the new chip : Quick Computing currently sells 15 million computer chips each year at a price of $18 per chip. It is about to introduce a new chip, and it forecasts annual sales of 23 million of these improved chips at a price of $23 each. What is the proper cash f..

User Account

All Pages