Tan Company purchases equipment on January 1, 2010, for $300,000, useful life of three years, and no residual value.
At December 31, 2010, Tan records an impairment loss of $20,000. At the end of 2011, Tan determines that the recoverable amount of the equipment is $96,000

Record the journal entries related to the impairment.

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

What is the equity method balance in the investment in lindman account at the end of 2018?