What is the book value of the equipment

Assignment Help Accounting Basics

Reference no: EM13153011

The balance in the equipment account is $678,950, and the balance in the accumulated depreciation-equipment account is $262,200.

a. What is the book value of the equipment?

b. Does the balance in the accumulated depreciation account mean that the equipment's loss of value is $262,200? Explain.

Reference no: EM13153011

Questions Cloud

Common method of capital budgeting : Which of the following is not a common method of capital budgeting?

Northside and southside facilities : The Northside and Southside facilities of Zeron Industries supply three firms (Zrox, Hewes, Rockrite) with customized shelving for its offices.

Describe how organisations are building their services : Discuss how organisations design and build services to attract new and existing customers to buy their services. Refer to the research you have presented previously in your research report.

What is the probability of gaining weight : Antidepressant is normally distributed with a mean of 6 lbs and a standard deviation of 3 lbs. What is the probability of weight gain? What is the probability of gaining between 0 and 12 lbs?

What is the book value of the equipment : The balance in the equipment account is $678,950, and the balance in the accumulated depreciation-equipment account is $262,200. a. What is the book value of the equipment?

List at least two steps you would take as a microbiologists : Early Formations of this medium used a smaller amount of carbohydrate and occasionally produced false (pink) results after 48 hours. This phenomenon is called a reversion. why do you think this happened? List at least two steps you would take as a..

How come t- table in ap booklet has degrees of freedom : Let sample s approximate population sigma. How come the t- table in the AP booklet has degrees of freedom entries way past 30 ??? What am I missing??

Which hydrogen is not added to the reduced compound : It is more chemically correct to refer to reduction as the addition of electrons. Provide an example of a reduction reaction performed by cells in which hydrogen is not added to the reduced compound.

State whether each of the following events will result : state whether each of the following events will result in a movement along the demand curve for McDonald's big Mac hamburgers or whether it will cause the curve to shift. If the demand curve shifts, indicate whether it will shift to the left or th..

User Account

All Pages