As part of a major renovation at the beginning of the year

Reference no: EM13594800

As part of a major renovation at the beginning of the year, Hauser Pharmaceuticals, Inc., sold shelving units (store fixtures) that were 10 years old for $1,000 cash. The shelves originally cost $6,400 and had been depreciated on a straight-line basis over an estimated useful life of 10 years with an estimated residual value of $400. Assuming that depreciation has been recorded to the date of sale, show the effect of the disposal on the accounting equation.

1. Prepare the journal entry to record the sale of the shelving units

Reference no: EM13594800

Questions Cloud

Consider a glass of299 ml of water at30degc calculate the : consider a glass of299 ml of water at30degc. calculate the mass of ice at -15degc that must be added to cool the water

A companys current net operating income is 26000 and its : a companys current net operating income is 26000 and its average operating assets are 148000. the companys required

If a temperature increase from 110 degrees c to 220 : if a temperature increase from 11.0 degrees c to 22.0 degrees c doubles the rate constant for a reaction what is the

Reed companys sales last year totaled 167000 and its : reed companys sales last year totaled 167000 and its return on investment was 10.40. if the companys turnover was 2.60

As part of a major renovation at the beginning of the year : as part of a major renovation at the beginning of the year hauser pharmaceuticals inc. sold shelving units store

A product sells for 255 per unit and its variable costs : a product sells for 255 per unit and its variable costs per unit are 153. the fixed costs are 416000. what is the

When one mole of solid naoh is dissolved in 1l of solution : question when one mole of solid naoh is dissolved in 1l of solution 44.5kj of heat are released. how much heat is

During its most recent fiscal year simon enterprises sold : during its most recent fiscal year simon enterprises sold 400000 electric screwdrivers at a price of 21.00 each. fixed

Draw the structure of the product of each of these organic : draw the structure of the product of each of these organic reactionsi reaction of methanol and aqueous potassium

User Account

All Pages