subject
Business, 04.12.2019 23:31 KF16

Four years ago, on january 1, california creamery bought a new delivery truck for $30,000. the company planned to use the truck for 7 years, and then sell it for $2,000. the company used the truck for 4 years and properly recorded straight-line depreciation each year. at the beginning of the 5th year, a change in emissions standards made the truck illegal in california. the company expects to sell the truck outside of california later this year for $6.000. the company should record a journal entry that includes a(n) (check all that apply) $8,000 debit to depreciation expense scetu 0 ipd $8,000 debit to impairment loss $22,000 debit to impairment loss $8.000 credit to truck $22.000 credit to truck

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 12:40
Many levels of energy does an atom have?
Answers: 1
question
Business, 22.06.2019 16:10
Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?
Answers: 1
question
Business, 23.06.2019 01:30
What is the minimum educational requirement for a pediatric psychopharmacologist? a. md b. phd c. bachelors in medicine d. masters in medicine e. psyd
Answers: 1
question
Business, 23.06.2019 03:00
Predict how the price of athletic shorts would change if schools banned their use
Answers: 2
You know the right answer?
Four years ago, on january 1, california creamery bought a new delivery truck for $30,000. the compa...
Questions
question
Chemistry, 02.02.2020 23:43
question
Mathematics, 02.02.2020 23:43
Questions on the website: 13722363