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!
Nezcorp makes a variety of improvements to the asset at a cost of $300,000 (these improvements have useful life of 9 years); assume (ridiculously) that these improvements could all happen instantaneously on January 1, 2015 and that the entire cost is paid in cash. Additionally, assume that Nezcorp is required to make 2 deposits consisting of the following: 50% of final (i.e., 3rd) payment 10% of asset's value to ensure asset is returned in appropriate condition a. Prepare the depreciation schedule. ii. What if Nezcorp could extend the lease for an additional 5 years for $1000 per month? b. Ignore the bargain renewal option. Prepare the journal entries on: i. January 1, 2015 ii. December 31, 2015 iii. January 1, 2016 iv. December 31, 2016 v. January 1, 2017 vi. December 31, 2017 (assume Nezcorp returned the asset in poor condition and thus received back only 40% of the security deposit)
Indicate accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction.
on 1st april 20x7 miller oil company purchased a pumping truck. the sole consideration was a 100000 note due in one
Some have suggested that neural networks could be applied to people to indicate how likely they are to develop a disease or even become criminals. The idea is to add a child’s personal characteristics, demographics, and genealogy into a neural networ..
calculation of labor variances.1.the following direct materials and direct labor data pertain to the operations of
the purpose of this report is help you develop a basic understanding of your company and the business environment in
For the most recent year, Triad Company had fixed costs of $290,000 and variable costs of 80% of total sales revenue, earned $87,750 of net income after taxes, and had an income tax rate of 35%. Determine the before-tax income. Determine the total co..
Ken Smith, the partner in charge of the audit of Houghton Enterprises, identified the following significant deficiencies during the audit of the December 31, 2013, financial statements: 1. Controls for granting credit to new customers were not adequa..
If in the company notes it shows that depreciation expense is going up each year what is the most probable the depreciation method being used?
Equipment was acquired at the beginning of the year at a cost of $78,720. The equipment was depriciated using the straight-line method based upon an estimated useful life of 6 years and an estimated residual value of $7,920. What was the depreciation..
A 11 year bond pays interest of $27.30 semi annually, has a face value of $1,000 and is selling for $725.64. What are its annual coupon rate and yield to maturity? The annual coupon rate is xxxx %.
What is FASB codification? Did the project create new GAAP ? What do you think about the projest? Was it really necessary?What types of GAAP documents existed prior to the codification and why there may have confusion in the application of GAAP?
Outline why depreciation is required – basing your discussion on any relevant accounting standards; and any relevant definitions, concepts and assumptions from the accounting framework.
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