What is the entry for six month period ending June

Assignment Help Accounting Basics
Reference no: EM132425677

Question - A truck purchased for $20,000 has accumulated amortization of $6,000 on January 1st and is amortized at a rate of 10%. What's the entry for 6 month period ending June 30th?

Reference no: EM132425677

Questions Cloud

Why power nonetheless may be necessary for homeland security : Picking one of these two topics, please describe a possible way one the powers we read about that are granted to the government could be abused.
Why is new technology often disruptive for existing it : Why is new technology often disruptive for existing IT systems? What things can be done to prepare these systems for future technology ahead of time?
How the fourth amendment is applied differently : Do the different systems of applicability of the Fourth Amendment make sense to you? Why or why not? If you disagree with how the Fourth Amendment is applied.
Describe the incendiary or explosive incident : Describe the incendiary or explosive incident and where it took place. What incendiary or explosive was involved and how did it affect people?
What is the entry for six month period ending June : A truck purchased for $20,000 has accumulated amortization of $6,000 on January. What's the entry for 6 month period ending June 30th
What are the useful aspects and dangers of devices : What are the useful aspects and dangers of these devices? What can organizations do to maximize value and minimize risk when users use these devices?
Analyze the grievance process from a state of your choice : Analyze the grievance process from a state of your choice that inmates must follow while incarcerated. Critique the grievance process and whether it is enough.
Effects of mass media worksheet : What were the major developments in the evolution of mass media during the 20th century? How did each development influence American culture?
Critically reflect on the leadership styles : Critically reflect on the leadership styles necessary to succeed in a range of project management situations, and their personal capacity to succeed

Reviews

Write a Review

Accounting Basics Questions & Answers

  For 20x2 the selling price per lamp will be 4500 what is

big al is about to begin work on the budget for 20x2 and they have requested that you prepare an analysis based on the

  Which duty do you believe is higher

Which duty do you believe is higher, the duty of corporations to pay tax to government or the duty of corporations to pay dividends to shareholders? Why?

  Post the adjusting entries to the ledger T-accounts

On December 31, the bank statement showed a NSF charge of $680 for a check received by the company from M. Lawrence, a customer, on account.

  What the cost per equivalent unit for conversion costs

A total of $529,380 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs

  A product sells for 255 per unit and its variable costs

a product sells for 255 per unit and its variable costs per unit are 153. the fixed costs are 416000. what is the

  What is the average waiting time

Diane, the tool crib attendant, works eight hours a day, five days a week. Each order is for one small tool and each small tool takes Diane 2 minutes to retrieve from the bins. What is the average waiting time, in minutes?

  Indicate the effect on mckinleys net income

During 2009, Ranier earns $350,000 and pays cash dividends of $140,000. Indicate the effect on McKinley's 2009 Net Income

  What portion of jones'' income will be taxable in the united

What portion of Jones' income will be taxable in the United States

  What is its depreciable cost

Office furniture was purchased for 29,000. It had residual value of 7,000 and has a current carrying value of 9,000. What is it's depreciable cost

  Compute the amount of depreciation to be recognized

Compute the amount of depreciation to be recognized for each mile that a rental automobile is driven

  What is the most important segment of a cash flow statement

Compare and contrast the balance sheet, income statement, and cash flow statement. What is the most important segment of a cash flow statement? Why

  Lee provo is paid 20 per hour plus time-and-one-half for

lee provo is paid 20 per hour plus time-and-one-half for hours over 40 for a given week. during the week of january 21

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd