User Account

All Pages

Prepare the entry to record the disposal of the machine

Assignment Help Accounting Basics
Reference no: EM133140453

Question - Diaz Company owns a machine that cost $125,600 and has accumulated depreciation of $93,300. Prepare the entry to record the disposal of the machine on January 1 in each separate situation.

1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return.

2. Diaz sold the machine for $16,400 cash.

3. Diaz sold the machine for $32,300 cash.

4. Diaz sold the machine for $41,400 cash.

Reference no: EM133140453

Questions Cloud

Would be an adequate level of reserves for Country X : Question - Country X's imports are worth $400000 a year what, by standard definitions, would be an adequate level of reserves for Country X
Is communication an important skill for a team leader : The leader is not the boss or dictator of the group rather deter chaos when it occurs among team members. Is communication an important skill for a team leader
What was the issuance price : On January 1, a company issued $12 million of 10-year bonds with a coupon rate of 5%, payable semi-annually. What was the issuance price
Difference between job analysis and job evaluation : What is the difference between job analysis and job evaluation?
Prepare the entry to record the disposal of the machine : Diaz Company owns a machine that cost $125,600 and has accumulated depreciation of $93,300. Prepare the entry to record the disposal of the machine
Make timeline of evolution of nist cybersecurity framework : 3. Make a timeline of the evolution of the NIST Cybersecurity Framework. Review the NIST Cybersecurity Framework on the NIST Website
Identify the multiple levels of union structure : 1) Why does an HR professional need to know specific certification rules?
What is the concept of revenue recognition : What is the concept of revenue recognition under ASC 606, five-step revenue recognition process and Sale with right of return
What are opinions regarding assertion : Those who study employment law often define it as a struggle based on a power imbalance. The employer holds the power and the employee(s) cedes their freedom in

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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