The estimated annual depreciation of property and equipment

Assignment Help Accounting Basics

Reference no: EM13454476

The estimated annual depreciation of the property and equipment is 10% per year of its acquisition cost. The library is part of the doctor's investment at the start of his practice on January 1, 2010 while the medical equipment were acquired in two groups: 48,000 was acquired August 1, 2010 and the balance was acquired six months after the first acquisition.

Given:

Library 155,000 (debit)

Accumulated Deprecation- Library 15,500 (credit)

Medical Equipment 96,000 (debit)

Accumulated Depreciation- Equipment 2,000 (credit)

Reference no: EM13454476

Questions Cloud

Describe the role of fermentation in allowing an organism : in the absence of oxygen some cells and organisms can use glycolysis coupled to fermentation to produce energy from the

Assuming that all other factors remain unchanged find out : assuming that all other factors remain unchanged determine how a firms break-even point is affected by each of the

Comprise a description of how energy is transferred from : explain how photosynthesis and respiration are linked in order to provide you with energy from the food you eat.include

Determine whether you prefer debussy or mahler after : great composers and color analysis please respond to the following with 100-150 words using sources under the explore

The estimated annual depreciation of property and equipment : the estimated annual depreciation of the property and equipment is 10 per year of its acquisition cost. the library is

Find out long- run variable cost function for electricity : a study of the costs of electricity generation for a sample of 56 british firms in 1946-1947 yielded the following

Assess the level of interdependence between planning : 1.assess the level of interdependence between planning program evaluation human resource management and budgeting.

Eukaryotic cells in plants animals fungi and algae are : eukaryotic cells in plants animals fungi and algae are bigger than prokaryotic bacterial cells. this bigger size allows

Foam pet mattress company can sell as many pet bed models a : foam pet mattress company can sell as many pet bed models a and b that it can produce but the company has limited

User Account

All Pages