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On January 2, 2013, Bering Co. disposes of a machine costing $ 44,000 with accumulated depreciation of $ 24,625. Prepare the entries to record the disposal under each of the following separate assumptions.
1. The machine is sold for $ 18,250 cash.
2. The machine is traded in for a newer machine having a $ 60,200 cash price. A $ 25,000 trade in allowance is received, and the balance is paid in cash. Assume the asset exchange lacks commercial substance.
3. The machine is traded in for a newer machine having a $ 60,200 cash price. A $ 15,000 trade in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance.
state college technology store is a retail computer store in the university center of a large mid-western university.
ben corp grants its customers 30 dyas credit. the company uses the allowance methods for its uncollectible accounts
During 2010, uncollectible receivables amounting to $410,000 were written off against the allowance for doubtful accounts.
What is the workstation cycle time required to produce 1,000 units per day?
sweetman co signed a contract to lease space in a building for 15 years. the lease contract calls for annual renatl
the organization puts on three different fairs each year - one in february one in june and one in november. the fair
Calculate the proceeds (issue price) of Learned Inc.'s, bonds on January 1, 2010, assuming that the bonds were sold to provide a market rate of return to the investor.
Provide examples of continuous monitoring and periodic monitoring.
High inventory turnover may signal poor efficiency or overstocking. The debt to equity ratio is generally less than or equal to the debt to asset ratio
Pardee Company earned $25,000 of cash revenue. What kind of transaction is this?
1. compute the return on investmentroi for each division usingthe formula stated in terms of margin and turnover.2.
What is the amount of the loss on impairment that Beehive should recognize at June 30, 2006?
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