Business, 17.04.2020 00:12, abbypark0804
Determining Financial Statement Effects of Straight-Line Depreciation and Repairs [LO 9-2, LO 9-3] Wiater Company operates a small manufacturing facility. On January 1, 2018, an asset account for the company showed the following balances: Equipment $ 280,000 Accumulated Depreciation (beginning of the year) 130,000 During the first week of January 2018, the following expenditures were incurred for repairs and maintenance: Routine maintenance and repairs on the equipment $ 2,850 Major overhaul of the equipment that improved efficiency 34,000 The equipment is being depreciated on a straight-line basis over an estimated life of 20 years with a $20,000 estimated residual value. The annual accounting period ends on December 31. Required: Prepare the adjusting journal entry that would have been made at the end of 2017 for depreciation on the manufacturing equipment. Starting at the beginning of 2018, what is the remaining estimated life? Prepare the journal entries to record the two expenditures for repairs and maintenance during 2018.
Answers: 2
Business, 22.06.2019 19:20, kingo7
After jeff bezos read about how the internet was growing by 2,000 percent a month, he set out to use the internet as a new distribution channel and founded amazon, which is now the world's largest online retailer. this is clearly an example of a(n)a. firm that uses closed innovation. b. entrepreneur who commercialized invention into an innovation. c. business that entered the industry during its maturity stage. d. exception to the long tail business model
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Business, 22.06.2019 19:50, ahoney2233
Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.
Answers: 2
Determining Financial Statement Effects of Straight-Line Depreciation and Repairs [LO 9-2, LO 9-3] W...
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