Business
Business, 24.11.2021 14:00, plshelpomg

In the 01 July 2016, Samsung Ltd acquired the machine A by $1,502,000. Estimated useful life is 10 years, estimated residual value is $2,000. Company uses straight-line
method for depreciation. From 2019, Samsung Ltd measure the machine A by the
revaluation model. At 30 June 2019, machine A was revalued to $ 1,400,000. After one
year, at 30 June 2020, machine A was revalued to $1,000,000. At 30 June 2021, machine
A was revalued to $1,500,000.
Required:
Prepare the journal entries from 01 July 2016 to 30 June 2021. (using both method for
revaluation)

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 02:30, llama1314
Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next
Answers: 2
image
Business, 22.06.2019 11:00, saurav76
When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called
Answers: 2
image
Business, 22.06.2019 16:50, tayveon122
Identify and describe a variety of performance rating scales that can be used in organizations including graphical scales, letter scales, and numeric scales.
Answers: 2
image
Business, 22.06.2019 18:10, maddihamidou
Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?
Answers: 1
Do you know the correct answer?
In the 01 July 2016, Samsung Ltd acquired the machine A by $1,502,000. Estimated useful life is 10...

Questions in other subjects:

Konu
Mathematics, 03.02.2020 17:48
Konu
Mathematics, 03.02.2020 17:48
Konu
Mathematics, 03.02.2020 17:48
Konu
Chemistry, 03.02.2020 17:48