User Account

All Pages

On january 1 2014 ballard company spent 12000 on an asset

Assignment Help Accounting Basics
Reference no: EM13587393

On January 1, 2014, Ballard Company spent $12,000 on an asset to improve its quality. The asset had been purchased on January 1, 2009 for $38,000. The asset had a $6,800 salvage value and a 6-year life. Ballard uses straight-line depreciation. What would be the book value of the asset on January 1, 2015?

Reference no: EM13587393

Questions Cloud

How does it impacts the accounting equation make sure to : genie performs service on account which means that genie lets some customers pay later. genie earns revenue but doesnt
On january 1 2014 howe companys accounts receivable balance : on january 1 2014 howe companys accounts receivable balance was 11300 and the balance in the allowance for doubtful
Gopal was holding 100 shares of rs10 each of a company on : gopal was holding 100 shares of rs.10 each of a company on which he had paid rs3 on application ad rs.2 on allotmentbut
Aplying overhead in a service company lo2 lo3 lo4 leeds : applying overhead in a service company leeds architectural consultants uses a job-order costing system and applies
On january 1 2014 ballard company spent 12000 on an asset : on january 1 2014 ballard company spent 12000 on an asset to improve its quality. the asset had been purchased on
Initial investment outlay of 25 million comprised of 20 : felicia amp freds executive board has asked you to change the decision model previously completed to reflect the
Akyl halides tend to be relatively non-polar covalent : akyl halides tend to be relatively non-polar covalent compounds. they dissolve in non-polar solvents but are insoluble
Jazz ltd purchased furniture for 300000 from bills ltd : jazz ltd. purchased furniture for 300000 from bills ltd.. 100000 were paid by drawing a promissory note in favour of
If the variable cost per unit increases by 1 spending on : oslo compnay prepared the following contribution income statement based on a sales volume of 100 units the relevant

Reviews

Write a Review

Accounting Basics Questions & Answers

  Financial statements present a company to the public

Which financial statement requires input from the income statement and statement of retained earnings. Also what information does this financial statement provide

  In your research you found significant conflicting issues

in your research you found significant conflicting issues between global reporting standards. these affect every audit

  Gain or loss and basis in the land and inventory

William's basis in the WAM Partnership interest was $100,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $30,000, fair market value $40,000), and inventory (basis of $30,000, fair market..

  Recording assets under ifrs

Converse corp sold 100,000 bond at 95 and incurred 3,000 of bond issuance costs. Which of the following statements is correct assuming converge reports under IFRS?

  Question 11 during 2010 von co sold inventory to its

question 11. during 2010 von co. sold inventory to its wholly-owned subsidiary lord co. the inventory cost 30000 and

  How should the gain be treated

During the year, Henry, a sole proprietor, sold for $65,000 a machine that was used in his business. The machine had been purchased in 2003 for $50,000, and when it was sold it had an adjusted basis of $30,000. How should this gain be treated?

  Determine the amount of net income for april

Determine the amount of net income for April, assuming that noadditional capital stock was issued but dividends of $25,000 werepaid during the month.

  Why isnt eup equivalent units of production 33500 instead

mack inc. uses a weighted-average process costing system. direct materials and conversion costs are incurred evenly

  The cost per equivalent units of direct materials and

the cost per equivalent units of direct materials and conversion in the bottling department of beverages on jolt

  1 in 2012 mordica co issued 300 000 of its 500 000

1. in 2012 mordica co. issued 300 000 of its 500 000 authorized shares of 10 par value common stock at 35 per share. in

  In a recent period 13000 units were produced and there was

in a recent period 13000 units were produced and there was a favorable labor efficiency variance of 23000. if 40000

  Cash dividends of 30000 were declared during the year cash

cash dividends of 30000 were declared during the year. cash dividends payable were 14000 and 16000 at the beginning and

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