Pina Colada Corporation owns equipment that cost $57,600 when purchased on April 1, 2013. Depreciation has been recorded at a rate of $9,600 per year, resulting in a balance in accumulated depreciation of $45,600 at December 31, 2017. The equipment is sold on July 1, 2018, for $11,520. Prepare journal entries to (a) update depreciation for 2018 and (b) record the sale. (

a. Annual depreciation expense = $9,600. Depreciation expense for the year 2018 (6 months) = $9,600*6/12  = $4,800

Date  Account Titles and Explanation        Debit    Credit

          Depreciation expense                       $4,800

                  Accumulated depreciation- Equipment   $4,800

          (To record depreciation expense)

b. Accumulated depreciation till December 31, 2017 = $45,600

Accumulated depreciation at July 1, 2018 = Accumulated depreciation till December 31, 2017 + Depreciation expense for the year 2018 = $45,600 + $4,800 = $50,400

Cost of equipment = $57,600

Book value of equipment = Cost of equipment - Accumulated depreciation at July 1, 2018 = $57,600 - $50,400 = $7,200

Sale price of equipment = $11,520

Gain on sale of equipment = Sale price of equipment- Book value of equipment = $11,520 - $7,200 = $4,320

Date  Account Titles and Explanation                 Debit      Credit

          Cash                                                            $11,5200  

          Accumulated depreciation- equipment    $50,400

                  Gain on sale of equipment                                 $4,320

                  Equipment                                                           $57,600

          (To record sale of equipment)

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explanation:

if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)

a. 15'c

b.100'c

c.51'c

d.36'c