Business, 25.04.2020 01:33 ineedtopeebeforethec
Exercise 10-17 Partial-year depreciation; disposal of plant asset LO P2 Rayya Co. purchases and installs a machine on January 1, 2017, at a total cost of $105,000. Straight-line depreciation is taken each year for four years assuming a seven-year life and no salvage value. The machine is disposed of on July 1, 2021, during its fifth year of service. Prepare entries to record the partial year’s depreciation on July 1, 2021 and to record the disposal under the following separate assumptions: (1) The machine is sold for $45,500 cash. (2) An insurance settlement of $25,000 is received due to the machine’s
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Business, 21.06.2019 17:40
Which of the following is the least risky? collectables stock savings bond savings account
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Business, 22.06.2019 08:30
Blank is the internal operation that arranges information resources to support business performance and outcomes
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Business, 22.06.2019 13:30
On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
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Business, 22.06.2019 14:30
Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?
Answers: 1
Exercise 10-17 Partial-year depreciation; disposal of plant asset LO P2 Rayya Co. purchases and inst...
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