User Account

All Pages

Federal express is the worlds leading express

Assignment Help Accounting Basics
Reference no: EM13615074

Federal express is the worlds leading express distributioncompany . in addition to the worlds largest fleet of all cargoaircraft the company has more than 645 aircraft and 47000 vehiclesand trailers that pick up and deliever packages. Assume that thefederal express sold a small delivery truck that had been used inthe business for 3 years. the rocrods of the comapny reflect thefollow. delievery truck cost $28000, accumulated depreciation$23000
1. give the journal entry for the disposal of the truck.assuming that the truck sold for a. 5000 cash. b. 5600 cash. c.4600 cash.
2. base on three preceding situations, explain the effects ofthe disposal of an asset?

Reference no: EM13615074

Questions Cloud

Assuming that the random samples were selected from normal : twelve randomly selected mature citrus trees of one variety have a mean height of 13.8 feet with a standard deviation
Abccompany employs a periodic inventory system and sells : abccompany employs a periodic inventory system and sells its inventoryto customers for 25 per unit. abc company had the
A 021 kg particle moves along an x axis according to xt - : a 0.21 kg particle moves along an x axis according to xt - 11 3 t 5 t2 - 5 t3 with x in meters and t in seconds.
The pulse rates for 13 adult women were as follows : the pulse rates for 13 adult women were as follows. construct a 0.99 confidence interval for the mean pulse rate. give
Federal express is the worlds leading express : federal express is the worlds leading express distributioncompany . in addition to the worlds largest fleet of all
What is the magnitude of the athletes average force on the : a shot putter launches a 7.41 kg shot by pushing it along a straight line of length 1.58 m and at an angle of 35.7deg
Musical styles other than rock and pop are becoming more : musical styles other than rock and pop are becoming more popular. a survey of college students finds that 34 like
Rita pita company bought a new dough machine at : rita pita company bought a new dough machine at thebeginning of the yar at ta cost of 7600. the estimated useful
The distance that a certain particle moves may be : the distance that a certain particle moves may be calculated from the expression d atbt2 where a and b are constants

Reviews

Write a Review

Accounting Basics Questions & Answers

  Acme purchased a property that included both land and

acme purchased a property that included both land and building for 20000. acme hired an appraiser who determined that

  Custom shoes co has gathered the following information

custom shoes co. has gathered the following information concerning one model of shoevariable manufacturing costs

  Evaluating investment decisions

Businesses commonly use methods such as Net Present Value (NPV) and Internal Rate of Return (IRR) for evaluating investment decisions. Compare and contrast these two methods describing their relative strengths and weaknesses.

  Diane uses the lower of cost or market rule for its

diane company a retailer and wholesaler of national brand-name household lighting and fixtures purchases its

  Plano industries uses the weighted-average method in its

plano industries uses the weighted-average method in its process costing system. the assembly department of plano

  Kala and leah partners in best designs have a capital

kala and leah partners in best designs have a capital balance of 40000 and 60000 respectively. adam joins the

  For its purchasing cost pool hcc inc expected overhead cost

for its purchasing cost pool hcc inc. expected overhead cost of 800000 and 20000 inspections. the actual overhead cost

  What is the remaining maturity of these bonds

Sure Tea Co. has issued 7.2% annual coupon bonds that are now selling at a yield to maturity of 10% and current yield of 9.9987%. What is the remaining maturity of these bonds? (Do not round intermediate calculations. Round your answer to 2 decima..

  London purchased a piece of real estate last year for 81200

london purchased a piece of real estate last year for 81200. the real estate is now worth 101400. if london needs to

  Individual federal income tax return

Brown earned net operating income of $80,000 and had a long-term capital loss of $3,000. Also, Jay withdrew $40,000 from the corporation. Jay must report $80,000 of Brown Corporation income and may deduct the $3,000 loss on his individual Federal ..

  Prepare the journal entry by indian river electronics

the balance sheet of the Indian River Electronics Corporation as of December 31, 2012, included 12.25% bonds having a face amount of $90 million.

  Tedd company and jess company exchanged trucks on january 1

tedd company and jess company exchanged trucks on january 1 2012. tedds truck cost 140000 had accumulated depreciation

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd