subject
Business, 03.01.2020 02:31 lesgumball

Beaver construction purchases new equipment for $38,160 cash on april 1, 2018. at the time of purchase, the equipment is expected to be used in operations for six years (72 months) and have no resale or scrap value at the end. beaver depreciates equipment evenly over the 72 months ($530/month).1. & 2. record the necessary entries in the journal entry worksheet below. (if no entry is required for a particular transaction, select "no journal entry required" in the first account field.)

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer
Answers: 1
question
Business, 22.06.2019 03:30
Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.
Answers: 2
question
Business, 22.06.2019 12:10
Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?
Answers: 2
question
Business, 22.06.2019 20:30
Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets.b. an increase in accrued liabilities.c. an increase in notes payable.d. an increase in accounts receivable.e. an increase in accounts payable.
Answers: 3
You know the right answer?
Beaver construction purchases new equipment for $38,160 cash on april 1, 2018. at the time of purcha...
Questions
question
Mathematics, 07.09.2020 14:01
question
History, 07.09.2020 14:01
question
Mathematics, 07.09.2020 14:01
question
Mathematics, 07.09.2020 14:01
question
English, 07.09.2020 14:01
Questions on the website: 13722367