Tiger company recently exchanged an old truck which cost

Assignment Help Accounting Basics

Reference no: EM13596541

Tiger Company recently exchanged an old truck, which cost $54,000 and was one-third depreciated, and paid $35,000 cash for a used crane having a current fair value of $65,000. At what amount should the crane be recorded on the books of Tiger for financial accounting?

Reference no: EM13596541

Questions Cloud

What is the book value per share of the common stock at : nilson company is incorporated at the beginning of this year and engages in a number of transactions. the following

During 2001 davidson company introduced a new line of : during 2001 davidson company introduced a new line of machines that carry a three-year warranty against manufacturers

The lake superior company has spent a total of 153000 at : the lake superior company has spent a total of 153000 at the beginning of 2000 in acquiring patents for its

The justin companys heating system has just completed its : the justin companys heating system has just completed its 12th year of a estimated 15-year life. at date of purchase

Tiger company recently exchanged an old truck which cost : tiger company recently exchanged an old truck which cost 54000 and was one-third depreciated and paid 35000 cash for a

A machine that cost 10250 and which had been depreciated : a machine that cost 10250 and which had been depreciated 8000 was traded in on a new machine of like purpose priced at

What do just-in-time jit manufacturers demand from their : 1.which of the following is an example of value-added time? processing time wait time during inspection wait time in

Redbird company receiveds dividend income of 25000 from a : redbird company receiveds dividend income of 25000 from a corporation- holds 10 interest redbird also has interest

During its first year of operations nebraska corporation : during its first year of operations nebraska corporation elected to use the straight-line method of depreciation for

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages