User Account

All Pages

Record the disposal under the assumptions

Assignment Help Accounting Basics
Reference no: EM13512245

Puckett Co. has office furniture that cost $75,092 and that has been depreciated $49,709.

Record the disposal under the following assumptions.

Instructions:

a. It was scrapped as having no value. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)

b. It was sold for $21,382. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)

c. It was sold for $31,186. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)

Reference no: EM13512245

Questions Cloud

Compute the final temperature of system consisting of ice : A 40 g block of ice is cooled to -78°C and is then added to 550 g of water in an 80 g copper calorimeter at a temperature of 24°C. find the final temperature of the system consisting of the ice
What is the maximum resistance you can obtain : Suppose that you have a 390 ?, a 780 ?, and a 2.20 k? resistor. What is the maximum resistance you can obtain by combining these
Calculate the students final angular velocity : A student sits on a swivel seat. Initially the student is at rest, holding a spinning bicycle wheel that has an angular velocity of 10.5 rad/s, Find the student's final angular velocity
Future economic conditions : Discuss the effect, if any, of each of the following should have on the recognition of future events:
Record the disposal under the assumptions : Puckett Co. has office furniture that cost $75,092 and that has been depreciated $49,709 - Record the disposal under the assumptions.
Define solution of potassium dichromate in sulfuric acid : An unknown solution of ethanol was titrated with 25.0ml of .02M solution of potassium dichromate in sulfuric acid in sulfuric acid. Determine the mass (in grams) of ethanol in the unknown sample
What amount of electric energy has been withdrawn : The electric starter in an automobile equipped with a 12 V battery draws a current of 90.00 A when in operation. What amount of electric energy has been withdrawn from the battery
Journalize transaction of showtime amusements : Journalize each transaction of Showtime Amusements as shown for July 1. Explanations are not required -
Evaluate the reversible work required to transport 1mol : Calculate the reversible work required to transport 1mol of K+ from a region where CK+=5.25 mM to a region where CK+=35.5 mM if the potential change accompanying this movement is ?f = 0.055 V. Assume T = 298 K.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss a possible negative managerial scenario that the

Discuss a possible negative managerial scenario that the regional manager may be sensing. Might the manager of Store 9 be an exceptional manager?  What are the ethical implications of the scenario?

  Which of the following is an example of a cost that varies

which of the following is an example of a cost that varies in total as the number of units produced changes?a. salary

  Please indicate which section of statement of cash flows

please indicate which section of the statement of cash flows should contain each of the following items and whether

  What is the amount of depreciation expense

Pisa, Inc. uses the straight-line method to depreciate similar assets. What is the amount of depreciation expense recorded by Pisa, Inc. in the first year of the asset's life?

  Equivalent production schedule

Medical laboratories. Inc. produces an antibiotic product in its three producing departments. The following quantitative and cost data have been made available.

  Standard using traditional costing using direct labor

Overhead applied to Standard using traditional costing using direct labor hours is

  Cost of goods manufactured

Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2010. If beginning finished goods inventory was $10,000 and cost of goods sold was $40,000, how much would Kushman report for cost of goods manufactured?

  Procedure performed before the balance sheet date

Which of the following procedures is least likely to be performed before the balance sheet date?

  What was the cost per equivalent unit for conversion costs

what was the cost per equivalent unit for conversion costs for january in the molding department? round off to three

  Recommendation feasible for particular company

Provide one reason for instituting performance-based pay at an organization and one reason why it might not be appropriate. Select a company, and explain how you recommend that the Chief Executive Officer (CEO) be compensated. Is your recommendati..

  Performance reporting-flexible budgeting

Analyze the budget variance by calculating the direct labor efficiency and rate variances for June. What alternatives to the preceding monthly report could improve control over the stamping department's direct labor?

  Report on the income statement

A supplies account has a balance of $810 at the beginning of the year and was debited during the year for $1,950, If $650 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year woul..

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