Wildhorse Co. had the following assets on January 1, 2022.
Item Cost Purchase Date Useful Life (in years) Salvage Value
Machinery $80,000 Jan. 1, 2012 10 $0
Forklift 39,000 Jan. 1, 2019 5 0
Truck 45,400 Jan. 1, 2017 8 3,000
During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $12,900. The truck was discarded on December 31.
Required:
Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets.
Answers: 1
Business, 21.06.2019 16:10
You are at a holiday dinner with your family. your relative makes the argument that the u.s. economy is resurgent and has recovered from the great recession of 2007 β 2009. economic growth, as measured by gdp, has been increasing from one quarter to the next. you beg to differ. how would you structure your argument with your relative? hint: you should think about two things, the accuracy of gdp measures, and whether gdp should be considered a comprehensive measure of a countries well-being.
Answers: 3
Business, 21.06.2019 23:20
Which feature transfers a slide show into a word-processing document?
Answers: 2
Business, 22.06.2019 02:00
Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?
Answers: 1
Business, 22.06.2019 07:30
Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?
Answers: 3
Wildhorse Co. had the following assets on January 1, 2022.
Item Cost Purchase Date Useful Life (in...
Computers and Technology, 17.03.2020 01:30
Computers and Technology, 17.03.2020 01:30
History, 17.03.2020 01:32
Computers and Technology, 17.03.2020 01:32
Mathematics, 17.03.2020 01:32