Business, 17.04.2020 01:25, kerriscaballero12

Cost. On January 3, it is installed on a required operating platform costing $1,200, and it is further readied for operations. The company predicts the machine will be used for six years and have a $17,280 salvage value. Depreciation is to be charged on a straight-line basis. On December 31, at the end of its fifth year in operations, it is disposed of. 3. Prepare journal entries to record the machine's disposal under each of the following separate assumptions: (a) it is sold for $20,000 cash; (b) it is sold for $80,000 cash; and (c) it is destroyed in a fire and the insurance company pays $30,500 cash to settle the loss claim.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:30, neriah30

Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months. fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.

Answers: 1

continue

Business, 22.06.2019 20:30, whitems33982

When many scrum teams are working on the same product, should all of their increments be integrated every sprint?

Answers: 3

continue

Business, 22.06.2019 22:40, songulakabulut1992

Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply

Answers: 1

continue

Business, 23.06.2019 11:00, lfox21

To evaluate solutions, you must usually

Answers: 1

continue

Do you know the correct answer?

Cost. On January 3, it is installed on a required operating platform costing $1,200, and it is furth...