Solution-Prepare sesame entry to record depreciation expense

Prepare sesame entry to record depreciation expense

Reference no: EM131774356

Problem - Reporting Accounting Changes and Errory Analysis

Sesame Company purchased a computer system for $74,000 on January 1, 2009. It was depreciated based on a 7-year life and an $18,000 salvage value. On January 1, 2011, Sesame revised these estimates to a total useful life of 4 years and a salvage value of $10,000. Prepare Sesame's entry to record 2011 depreciation expense.

Reference no: EM131774356

Questions Cloud

The relationship between language and thinking : "The Relationship Between Language and Thinking". Examine whether or not it is possible to think without using language.

What are the impressions of proposals : What is the difference between GDP and GNP? Use the internet to find the numbers for US GDP and US GNP for the year 2016? Make sure you state the source.

Define black duties owing to best body as shareholder : Define Black’s duties owing to Best Body as a shareholder, director, and manager. If Best Body did not bring an action against Black, does Perez have a remedy?

Estimate blues bar cost formula for monthly clean-up : Estimate Blues Bar's cost formula for monthly clean-up cost using the least-squares regression method (please show work by providing a spreadsheet/graph)

Prepare sesame entry to record depreciation expense : Sesame revised these estimates to a total useful life of 4 years and a salvage value of $10,000. Prepare Sesame's entry to record 2011 depreciation expense

Non-equity alliances with suppliers and manufacturers : IKEA is the world’s largest furniture retailer. It has many non-equity alliances with suppliers and manufacturers around the world.

Prepare journal entries for the july transactions : Sue Power contacted Country Products to produce 500 quilt racks as a special order. Prepare journal entries for the July transactions

Discuss what is the total amount of current liabilities : What was the average issue price of the common stock shares, What is the total amount of current liabilities

Compact company uses a job costing system : The XYZ compact company uses a job costing system. The company estimated its annual overhead to be $100,000 and the number of direct labor

User Account

All Pages

Prepare sesame entry to record depreciation expense

Reference no: EM131774356

Reference no: EM131774356

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

On march 2 2013 20-year 6 percent general obligation serial

What are book value and market value of stockholders equity

Breakeven total volume of sales

Naftel company sells lamps and other lighting fixtures the

Review problem of the cushenberry corporation

Prepare a corrected balance sheet for sandhill

What are some criteria that systems designers should

How much would kristen have to deposit in the bank

Hans a citizen and resident of argentina is a retired bank

Managerial accounting from a provider perspective

Yuve finally saved 10000 and are ready to make your first

Holly manufacturing case study

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT