User Account

All Pages

What amount should the company capitalize

Assignment Help Accounting Basics
Reference no: EM131703952

Question - On January 2, 2017, a company. replaced its a machine in their manufacturing plant. The following information was available on that date:

Purchase price                                                      $150,000

Carrying amount of old machine                             10,000

Fair value of old machine                                       4,000

Installation cost of new machine                             20,000

The old machine was sold for $4,000 cash. What amount should the company capitalize as the cost of the new machine? Show your calculations in detail.

Reference no: EM131703952

Questions Cloud

Describe the formation of a board risk committee : Its Audit Committee Chairman would like to propose to the board of directors the formation of a board risk committee
What was the war cry of the american revolutionary war : What was war cry of American Revolutionary War. There are five words in it and king is used twice. Happy hunting. List website that you found this information.
Adjusted with the goal of minimizing inventory in process : If the production schedule could be adjusted with the goal of minimizing inventory in the process,
Discuss regulations pertaining to transportation security : dramatically increased the number of regulations pertaining to transportation security and the effects of transportation on the environment
What amount should the company capitalize : The old machine was sold for $4,000 cash. What amount should the company capitalize as the cost of the new machine? Show your calculations in detail
What are the ethical issues that are involved : What are the ethical issues that are involved? What are the opportunities, threats, and alternatives involved in the situation?
Changes in fund balance for lexington capital projects fund : The City of Lexington had the following transactions during the calendar year 2013. The transactions relate to financing and constructing a new firehouse.
Present cross-cultural conflict situation : Using a past or present cross-cultural conflict situation that is in your organization, department or your business, operating as a diversity consultant
Discuss examples of leaders and influences and architecture : Florence and Venice were at the center of the Renaissance. Discuss one of these two cities and the elements found

Reviews

Write a Review

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

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