What is the entry for six month period ending june

Assignment Help Accounting Basics
Reference no: EM133165518

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 is the entry for 6 month period ending June 30th?

Reference no: EM133165518

Questions Cloud

Differences between the distributions : What are the differences between the distributions and what is an example of how they could be used in the applied management field of study?
Why would an organization want managerial accounting : Management accounting is different from financial accounting. Why would an organization want managerial accounting
Business impact analysis : In three complete and well composed paragraphs, define what a business impact analysis (BIA) is. Identify its primary elements or components.
Creating a c corporation or a partnership : When would forming a limited-liability company be more advantageous than creating a C corporation or a partnership? Explain your response.
What is the entry for six month period ending june : A truck purchased for $20,000 has accumulated amortization of $6,000 on January 1st. What is the entry for six month period ending June
Assignment on production management : 1. Based on what you know of the automobile industry, how has the P/OM strategy of General Motor changed in the last ten years?
Facilitating successful change in an organization : Why is vision essential to facilitating successful change in an organization? What is the correlation between a leader's role/vision and a successful change ini
Determine the full costing operating income : Lighter Incorporated planned and manufactured 415,000 units of its single product in 2022, Determine the full costing operating income
Evidence of unethical behaviour : Are corporate scandals the 'new normal'? A corporate scandal can occur any time there is evidence of unethical behaviour or negligence that impacts a company's

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.

  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!

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