Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On 1 July 2014 NSW Ltd purchased manufacturing equipment for 805,000 cash. In addition, NSW Ltd paid $200 freight charges and $300 installation fee. The equipment is expected to have a useful life of 10 years with a residual value of $5,000 and is depreciated using the straight-line method. NSW Ltd uses the revaluation model to value the equipment every two years. The financial year for NSW Ltd is 1 July to 30 June.
On 1 July 2016 an independent valuer estimate that the fair value of the equipment was $590,000. The residual amount is expected to be $5,000 with a remaining useful life of 5 years.
The business decided to use another valuation agency in 2018. The valuer estimated the value of the equipment to be $400,000 on 1 July 2018.
Required - Prepare general journal entries to record the above transactions from 1 July 2014 to 1 July 2018. Narrations are NOT required.
cirrus inc. purchased certain plant assets under a deferred payment contract. the agreement was to pay 40000 per for
Briefly describe the type of items that are not included in the body of the statement of cash flows, describe the actual transactions
peak manufacturing produces snow blowers. the selling price per snow blower is 100. costs involved in production are as
Identifying variable costs - committed fixed costs and discretionary fixed costs - Advertising in a national magazine for teenage girls.
Which situations will require to file a California Personal Income Tax Return? Tax is owed on a qualified retirement plan including an Individual Retirement
Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,600
Show how these transactions would be refiected on the NBA's financial statements, prepare a December 31, 2013, statement of financial position and statement of activities.
Prepare journal entries to record the sale on the books of Shell Corporation and the subsequent total liquidation of the corporation
What amount of cost of goods sold must be reported in the consolidated income statement for 20X3? (Do not round intermediate calculations.)
Is the median occupancy rate approximately the same throughout the week? If not, which days have lower median occupancy rates
The estimated residual value of the property is $52,737. During the first year, the company extracted 4,119 tons of ore. The depletion expense is
You have been hired as a consultant for XYZ Research Co. XYZ Research Co. incorporated in 2010. XYZ ‘s business centers on developing new technology for interplanetary exploration.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd