What journal entry would pine grove make at december

Assignment Help Accounting Basics
Reference no: EM131140359

1. On January 1, 2010, Pine Grove Country Club purchased a new riding mower for $15,000.The mower is expected to have an 8-year life with a $1,000 salvage value. What journal entry would Pine Grove make at December 31, 2010, if it uses straight-line depreciation? 

Reference no: EM131140359

Questions Cloud

What entry would ritenour make to record the sale : Ritenour Manufacturing has an old factory machine that cost $50,000.The machine has accumulated depreciation of $28,000 and a fair value of $26,000. Ritenour has decided to sell the machine.
Create the logic for a program that continuously prompts : Pass each entered amount to a conversion method that displays breakdown of the passed amount into the fewest bills; in other words, the method calculates the number of 20s, 10s, 5s, and 1s needed.
How does the correctional system punish offenders : How does the correctional system punish offenders? How does the correctional system rehabilitate offenders? Which method is more effective in reducing crime?
What are the major strengths and limitations of the book : What are the major strengths & limitations of the book? Is the book relevant to this or other courses? Would you recommend this book? To whom? Is the book likely to have lasting value or is its use apt to be only temporary & limited?
What journal entry would pine grove make at december : What journal entry would Pine Grove make at December 31, 2010, if it uses straight-line depreciation?
The number of times interest charges are earned is computed : The number of times interest charges are earned is computed as: a. Net income plus interest charges, divided by interest charges  b. Income before income tax plus interest charges, divided by interest charges  c. Net income divided by interest charge..
Perspective of the federal bureau of investigation : If p is in fact less than 0.301, would it make you suspect that there are not enough numbers in the data file with leading 1's? Could this indicate that the books have been "cooked" by "pumping up" or inflating the numbers?
Explain how each of these costs would be accounted : African Lakes Company purchased a delivery truck. The total cash payment was $27,900, including the following items.
Explain one policy or law with which you agree or disagree : Explain one policy or law with which you agree or disagree with from the government agency, department, or committee and its impact on governmental leadership. Must be sure that one policy or law is explained

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount of terastar free cash flows

Net Income Operating Cash Flows Investing Cash Flows Financing Cash Flows 2015 $10,900 $14,800 -$7,500 $10,600 2016 $12,300 $19,200 -$9,100 -$6,400 What is the amount of Terastar's free cash flows for 2016? $6,900 $10,100 $12,800 $3,300

  Equity method of accounting to fair value method

Compare the equity technique of accounting to the fair value technique for equity securities. In what cases would you employ each?

  Steven corporation has been authorized to issue shares

The preferred stock was issued for land having a fair market value of $296,000.All common stock issued was for cash. In November, 1,500 shares of common stock were purchased for the treasury at a per share cost of $22.

  Determining adequacy of allowance for uncollectible accounts

In determining the adequacy of the allowance for uncollectible accounts, the least valuable evidence would be obtained from

  To settle the debt doran agrees to accept from mann

mann inc. which owes doran co. 600000 in notes payable with accrued interest of 54000 is in financial difficulty. to

  A client operates a small business organized as a sole

a client operates a small business organized as a sole propreintship and is considering change the business to operate

  Describe the three methods used to allocate joint costs

describe the three methods used to allocate joint costs. what are the advantagesdisadvantages of each allocation

  Preparing the statement of cash flows

Net income for the year was $13,000. Prepare the operating and investing sections of a statement of cash flows for the year based on the data provided. Exercise

  Prepare journal entries for the following events

Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events. Prepare journal entries for the following events relating to the year ended December 31. If the event is not a transaction, write no..

  Company a and company b are identical except that company

company a and company b are identical except that company as costs are mostly variable whereas company bs costs are

  Prepare the year end adjusting entry to record

Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2011.

  Determining the cost elasticity

Power Brokers, Inc. (PBI), a discount brokerage firm, is contemplating open- ing a new regional office in Providence, Rhode Island. An accounting cost analysis of monthly operating costs at a dozen of its regional outlets reveals average fixed cos..

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