User Account

All Pages

Picksy company owns equipment that cost 38250 when

Assignment Help Accounting Basics
Reference no: EM13568459

Picksy Company owns equipment that cost $38,250 when purchased on 1 January 2009. It has been depreciated using the straight-line method based on estimated salvage value of $7,500 and an estimated useful life of 5 years. Prepare Picksy Company's journal entries to record the sale of the equipment for $27,810 on 31 December 2012. Assume that all depreciation for 2012 has already been recorded.

Reference no: EM13568459

Questions Cloud

We bake perfect pies company makes fruit pies using a : we bake perfect pies company makes fruit pies using a process cost system. the dough is made in the mixing department
Ealuate what a companys assets and equity ratios indicate : evaluate what a companys assets and equity ratios indicate about companys performance. also what are the reasons why
Major themes in health care in canada include canadian : length10 to 12 pages double-spaced plus references and bibliography.in your paper clearly state the arguments or points
Mark macy is buying a house the house costs 250000 he : mark macy is buying a house. the house costs 250000. he plans to put 50000 down and borrow 200000 at 3 for 30 years.
Picksy company owns equipment that cost 38250 when : picksy company owns equipment that cost 38250 when purchased on 1 january 2009. it has been depreciated using the
Genetech has 2000000 in assets have decided to finance 30 : genetech has 2000000 in assets have decided to finance 30 with long-term financing 13 rate and 70 with short-term
What will be the affect on income if ccc accepts this order : country cap company ccc manufactures and sells ball caps with a special logo on the back of the cap that it has
The portfolio manager told the prospective client that she : at a meeting between a portfolio manager and a prospective client the portfolio manager stated that her firms bond
What is the effective rate on an 10000 installment loan : what is the effective rate on an 10000 installment loan with bi-monthly payments 1600 in interest for 2 years?i 16ii

Reviews

Write a Review

Accounting Basics Questions & Answers

  Fifo and the lower of cost or market method

FIFO and the lower of cost or market method

  Evidence of research

Effectiveness of communication - i.e.readability, legibility, grammar, spelling, neatness, completeness and presentation will be a minimum threshold requirement for all written work submitted for assessment.

  Acquisition basis for building

He also gives the sellers $100,000 of marketable securities that he purchased three years ago for $125,000 and paid a finder's fee of $5,000, legal fees of $6,000, and transfer taxes of $12,000. What is William's acquisition basis for the building..

  Prepare amonthly flexible selling expense budget for prater

prepare amonthly flexible selling expense budget for prater company for sales volumes of 250000 440000 and 770000 based

  What would murphy corporation total estimated cost

Murphy Corporation has the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Murphy Corporation has decided to use a method of measuring cost functions called the high-low method in this situa..

  Examine key factors that impact a company''s decision

Examine key factors that impact a company's decision of whether to pay a dividend and evaluate what you believe is the most significant driver of the decision.

  Implications to quality of income statement

Why are there so many revenue recognition methods? Why is it so subjective and what are the implications to the quality of the income statement?

  After a decade of consistent income growth the cranor

after a decade of consistent income growth the cranor corporation sustained a before-tax loss of 8.4 million in 2013.

  Cash until the note matures

Max Company purchased equipment on November 1, 2010 and gave a 16-month, 12% note with a face value of $5,000. Interest will not be paid in cash until the note matures. The December 31, 2010 adjusting entry is ??

  Accts receivable - 860000 of which 600000 will be collected

whooper plans the following for the upcoming quarter month sales oct - 3000000.00 nov - 3450000.00 dec-4200000.00 the

  Determining the functional currency

Selvey inc is a completely owned subsidiary of parsfield incorporated a us firm. The country where selvey operates is deemed to have a highly inflationary economy under FASB statement no. 52. Therefore,the functional currency is :

  What is tenant zs rentable area

Assume a small office building has a total usable area of 40,000 square feet and 5,000 square feet of common area. Tenant Z occupies 6,000 square feet of usable area. What is Tenant Z's rentable area?

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