Reference no: EM132930409
The following are some transactions of Sunland Company for 2021. Sunland Company uses straight-line depreciation and has a December 31 year end.
Apr. 1
Retired a piece of equipment that was purchased on January 1, 2012, for $48,000. The equipment had an expected useful life of 10 years with no residual value.
July 30
Sold equipment for $1,400 cash. The equipment was purchased on January 3, 2019, for $12,960 and was depreciated over an expected useful life of three years with no residual value.
Nov. 1
Traded in an old vehicle for a new vehicle, receiving a $10,000 trade-in allowance and paying $36,000 cash. The old vehicle had been purchased on November 1, 2015, at a cost of $33,300. The estimated useful life was eight years and the estimated residual value was $6,900. The fair value of the old vehicle was $9,100 on November 1, 2021.
Question 1: Record the disposals.
|
5003CEM Advanced Algorithms Assignment
: 5003CEM Advanced Algorithms Assignment Help and Solution, Coventry University - Assessment Writing Service
|
|
What is leadership succession
: What is leadership succession?. Provide five articles to back up your explanation
|
|
Conflict management strategy
: Describe the strategy you think is best for conflict management.
|
|
Effective telework in organizations
: literature review surveys books, scholarly articles, and any other sources relevant to a particular issue, area of research,
|
|
Record the disposals
: Record the disposals. Traded in an old vehicle for a new vehicle, receiving a $10,000 trade-in allowance and paying $36,000 cash.
|
|
Evaluate a change management initiative
: In your opinion, does a manager fail if s/he is unable to lead, and does a leader fail the organization if s/he is unable to appropriately manage?
|
|
What is the total amount to be budgeted in pounds
: Crane Company is planning to sell 900 boxes. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month?
|
|
Calculate jack maranda gross pay and net pay
: Jack Maranda works as a janitor in a hospital, Calculate Jack Maranda's gross pay and net pay assuming they worked 187 hours during the month of June 2019.
|
|
Describe hypothetical situation
: Provide a real-world example or describe a hypothetical situation in which a legitimate organization used spam
|