User Account

All Pages

What was the sales price of the equipment

Assignment Help Accounting Basics
Reference no: EM132195324

Question - Colleen's Cookies sold a piece of equipment on January 1, 2018. The company originally purchased the equipment 20 years ago for $200,000. Accumulated depreciation on the date of sale was $120,000. The sale resulted in a gain of $5,000.

What was the sales price of the equipment?

Reference no: EM132195324

Questions Cloud

Define leadership skills and develop plan for moving forward : This paper will allow you to examine your leadership skills and develop a plan for moving forward. Analyze your current leadership skills based.
What will be the depreciation expense at december : An asset having a four-year service life and a salvage value of $15,000 was acquired, what will be the depreciation expense at December 31, 2018
Why that company has been successful : Select a global company that has been successful over the last ten years (one that is not your selected strategic audit firm).
Create a complete communications plan : For the same company you selected in Module 3, create a complete Communications Plan with an accompanying PowerPoint presentation for key stakeholder group(s).
What was the sales price of the equipment : Colleen's Cookies sold a piece of equipment on January 1, 2018. What was the sales price of the equipment
What is the amount of the credit in the journal entry : The allowance for doubtful accounts account has a year-end credit balance, prior to adjustment, of $1,500. What is the amount of the credit in the journal entry
The employment of different types of power might influence : Describe which of the original power types from the French and Raven power taxonomy, as described by Elias (2008) in this unit's required readings.
Inevitable for organization or any type of business : Why is change inevitable for organization or any type of business? Explain.
Discuss requirements of different types of tourism demand : TM 5009 - Managing International Tourism - Conduct an analysis of how this organisation addresses certain issues - Discuss the requirements of different types

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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