Business, 25.11.2019 20:31 christheicebear
Onslow co. purchases a used machine for $192,000 cash on january 2 and readies it for use the next day at a $8,000 cost. on january 3, it is installed on a required operating platform costing $1,600, and it is further readied for operations. the company predicts the machine will be used for six years and have a $23,040 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: record the sale of the used machine for $23,500 cash. record the sale of the used machine for $94,000 cash. record the insurance settlement received of $34,000 resulting from the total destruction of the machine in a fire.
Answers: 3
Business, 22.06.2019 08:00
3. describe the purpose of the sec. (1-4 sentences. 2.0 points)
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Business, 22.06.2019 10:50
Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker
Answers: 1
Business, 22.06.2019 12:50
Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false
Answers: 3
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
Onslow co. purchases a used machine for $192,000 cash on january 2 and readies it for use the next d...
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