Business, 21.04.2020 00:04 ccompassimvu
Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Asset Original Cost Residual Value Estimated Life Accumulated Depreciation (straight-line) Machine A $ 36,000 $ 3,900 5 years $ 25,680 (4 years) Machine B 68,200 4,500 14 years 50,050 (11 years) The machines were disposed of in the following ways: Machine A: Sold on January 1 for $10,800 cash. Machine B: On January 1, this machine was sold to a salvage company at zero proceeds (and zero cost of removal).
Prepare the journal entries related to the disposal of Machine A and B at the beginning of the current year.
Answers: 3
Business, 22.06.2019 10:10, travisvb
Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):
Answers: 1
Business, 22.06.2019 10:50, stodd9503
Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate. a. after a long search, jon finds a job. b. tyrion, a full-time college student, graduates and is immediately employed. c. after an unsuccessful job search, arya gives up looking and retires. d. daenerys quits her job to become a stay-at-home mom. e. sansa has a birthday, becomes an adult, but has no interest in working. f. jaime has a birthday, becomes an adult, and starts looking for a job. g. cersei dies while enjoying retirement. h. jorah dies working long hours at the office.
Answers: 2
Business, 22.06.2019 20:00, kiaramccurty
River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%
Answers: 3
Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts ref...
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