Abbott Landscaping purchased a tractor at a cost of $42,000 and sold it three years later for $21,600. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $3,000 residual value. Tractors are included in the Equipment account. Required:1. Record the sale.2. Assume the tractor was sold for $13,600 instead of $21,600. Record the sale of equipment.
Answers: 2
Business, 21.06.2019 16:10
Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.
Answers: 1
Business, 22.06.2019 07:00
Amarket that consists of all possible consumers regardless of their specific needs or wants is a
Answers: 1
Business, 22.06.2019 12:10
Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)
Answers: 1
Business, 22.06.2019 17:30
Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.
Answers: 2
Abbott Landscaping purchased a tractor at a cost of $42,000 and sold it three years later for $21,60...
Mathematics, 14.09.2020 01:01
Mathematics, 14.09.2020 01:01
Mathematics, 14.09.2020 01:01
Mathematics, 14.09.2020 01:01
Mathematics, 14.09.2020 01:01
Mathematics, 14.09.2020 01:01
Mathematics, 14.09.2020 01:01
Mathematics, 14.09.2020 02:01
Mathematics, 14.09.2020 02:01
English, 14.09.2020 02:01
Mathematics, 14.09.2020 02:01
Mathematics, 14.09.2020 02:01
Mathematics, 14.09.2020 02:01
History, 14.09.2020 02:01
Mathematics, 14.09.2020 02:01
History, 14.09.2020 02:01
Mathematics, 14.09.2020 02:01
Mathematics, 14.09.2020 02:01
Mathematics, 14.09.2020 02:01
Mathematics, 14.09.2020 02:01