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!
On January 1st, 2018, Emma Lavin Company purchased machinery costing $146,000 and incurred $5,000 in installation costs. The machinery has an estimated useful life of 15 years and a residual value of $10,000. The company uses the straight-line method of depreciation. At the end of 2019, Emma Lavin recorded depreciation and assessed the asset, determining a recoverable amount of $127,000. Emma Lavin sold the equipment to Dan Maryuma Corporation on June 30, 2020, for $130,000.
Problem 1: Prepare the necessary entry required by Emma Lavin to record the purchase of the Machine on January 1st, 2018.
Problem 2: Prepare all the necessary entries for Emma Lavin on December 31st, 2019.
Problem 3: Prepare the compound entry required for the sale of the Machinery on June 30th, 2020.
I need help filling out the rest, I also tried putting 15,000 and 6% interest on it in repayments for Q2 but it shows it's wrong
Calculate the internal rate of return for both investments. Assume the cost of capital is 7%, calculate the NPV for both investments.
Prepare a trend analysis of the data that follow, and tell whether the situation shown by the trends is favorable or unfavorable.
What's the recommendation and why you are making this recommendation. Calculate the weighted average cost of capital ("WACC") for Rockpile.
The following information is taken from the records of ROK Corporation at December 31, 2010: What are current assets, long term nvestments, Net property, plant, and equpment, intangible assets, current liabilities, long term liabilities, stockholders..
Identify the cost-flow assumption(s) that Nike uses to measure cost of goods sold. Does Nike's choice of cost-flow assumption(s) seem appropriate? Explain.
Matchless computer company has been purchasing carrying cases for its portable computers and delivered cost of $55 per unit the company which is currently operating below full capacity charges factory overhead to production at the rate of 40 percent ..
If Susan debited Cash and credited Unearned Rental Income for $5,000 on December 1, what necessary adjustment would be made on December 31?
Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each.
What is the present value (PV) of a 10-year lease arrangement with an interest rate of 8% that requires annual payments of $6,500 per year
Discuss the nature of short-term financing based on the statement "External sources of financing available in the Malaysia's financial markets."
On October 1, Doe Hunting Supplies, a calendar-year company, sold inventory that cost $60,000 for $100,000. The customer signed a six-month, 10 percent note in payment. On December 31, Woods should
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