Reference no: EM132877879
Problem - Disposal of fixed asset - Equipment acquired on January 4, 2009, at a cost of $425,000, has an estimated useful life of nine years and an estimated residual value of $65,000.
a. What was the annual amount of depreciation for the years 2009, 2010, and 2011, using the straight-line method of depreciation?
b. What was the book value of the equipment on January 1, 2012?
c. Assuming that the equipment was sold on January 9, 2012, for $290,000, journalize the entry to record the sale.
d. Assuming that the equipment had been sold on January 9, 2012, for $310,000 instead of $290,000, journalize the entry to record the sale.
|
What policies does bruenig propose to increase marriage
: According to Bruenig, why aren't millennials getting married and having babies? What policies does Bruenig propose to increase marriage and birth rates
|
|
Interest groups in texas assignment-minimum wage
: If you were a state legislator, how would you deal with these competing interests? What information would you want, and how would you view the issue?
|
|
Journalize adjusting entry to recognize depletion expense
: Ashwood Mining Co. acquired mineral rights for $15,000,000. Journalize adjusting entry to recognize depletion expense
|
|
How much credibility do place in the projections
: In 1900, the average global temperature was about 13.7° Celsius (56.7° Fahrenheit). How much credibility do you place in these projections? Why?
|
|
What was the annual amount of depreciation for the years
: What was the annual amount of depreciation for the years 2009, 2010, and 2011, using the straight-line method of depreciation
|
|
How human relations or human resource theories differ
: How human relations or human resource theories differ from traditional theories of management. Give a (basic) hypothetical example of these theories
|
|
What was the book value of the equipment at December
: Equipment acquired on January 5, 2009, at a cost of $380,000, What was the book value of the equipment at December 31, 2012, the end of the year
|
|
Describe interplay between organization and environment
: Describe the interplay between the organization and the environment (process). Describe the inputs, outputs, and feedback. Discuss your "hypothetical" findings.
|
|
Record the December adjusting entry
: Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Viking Company uses the straight-line method
|