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Entries for sale of fixed asset
Equipment acquired on January 5, 2009, at a cost of $380,000, has an estimated useful life of 16 years, has an estimated residual value of $40,000, and is depreciated by the straight-line method.
a. What was the book value of the equipment at December 31, 2012, the end of the year?
b. Assuming that the equipment was sold on July 1, 2013, for $270,000, journalize the entries to record (1) depreciation for the six months until the sale date, and (2) the sale of the equipment.
on 15th october 2010 the board of directors of ensor materials corporation approved a stock option plan for key
What would be the incremental effect on the company's overall profit of reworking and selling the material rather than selling it as is as scrap and what is the relevant cost of the 880 liters of the raw material when deciding how much to bid on th..
Determine the amounts that Marshall Company would report in its post acquisition balance sheet. In preparing the post acquisition balance sheet, any needed adjustments to income accounts from the acquisition could be closed to Marshall's retained ..
Barker Pet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $531,200 ($653,800).
question bemidji manufacturing manufactures laptop computers in three departments assembly packaging and testing. prior
What is the relevant per unit cost for the original part and which alternative is best for Kirkland Company By how much?
A copy machine acquired with a cost of $1,410 has an estimated useful life of 4 years. It is also expected to have a useful operating life of 13,350 copies. Assuming that it will have a residual value of $75.
Compute the equivalent units of production for each input.
company abc has a spending variance of 100000 f and efficiency variance of 100000 f and a volume variance of 300000 f.
List the errors you find in the following statement of cash flows. The cash balance at the beginning of the year was $180,576. All other amounts are correct, except the cash balance at the end of the year.
Determining appropriate product costs is essential to reporting a reliable inventory valuation. Fraud examiners have indicated that scams that involve product costs and expenses are relatively easy to detect.
Describe your impressions of the Peachtree payroll wizard. Determine how much knowledge in accounting and/or payroll you would need and why.
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