User Account

All Pages

General capital assets

Assignment Help Accounting Basics
Reference no: EM13340512

General Capital Assets. Make all necessary entries in the appropriate governmental fund general journal and the government-wide governmental activities general journal for each of the following transactions entered into by the City of Fordache.1.The city received a donation of land that is to be used by Parks and Recreation for a park. At the time of the donation, the land had a fair value of $5,200,000 and was recorded on the donor's books at a historical cost of $4,500,000.

Reference no: EM13340512

Questions Cloud

Explain the psychological and social issues : The onset of puberty marks a significant change in a person's life biologically, psychologically, and socially. There are some myths regarding puberty that may skew its realities. Describe some of the myths and realities of puberty.
Calculate the orbital speed of the probe : Suppose the Sun could collapse into a neutron star of radius 12.0 km without losing any mass in the process. Calculate the orbital speed of the probe
Discuss the concept of satisficing : Discuss the concept of satisficing. In your answer, discuss the positive and negative aspects of applying satisficing in decision-making.
What is this year expected net profit : What sales price per unit will be necessary this year if management wishes to maintain the same profit to sales ratio as last year?
General capital assets : General Capital Assets. Make all necessary entries in the appropriate governmental fund general journal and the government-wide governmental activities
Identify three contributors to development of biopsychology : Identify three contributors to the development of biopsychology. Describe the ideas and/or research that the person is famous for. Discuss the reasons that their contributions are important to the field of contemporary biopsychology.
What is a homeotic mutant and what do homeotic genes do : What is a homeotic mutant and what do homeotic genes do - Explain why homeosis occurs in a homeotic mutant.
Neurodevelopmental-genetic-neurotransmitter : Describe two types of biological/brain evidence (neurodevelopmental, genetic, neurotransmitter, imaging) for (a) schizophrenia and (b) depression. Describe evidence for different biological treatments that are useful for (a) schizophrenia and (b) dep..
Calculate the work done by the gas : 10.0 moles of an ideal gas, at an initial pressure of 1.50 x105 N/m2 and an initial volume of 1.300 m3, Find the work done by the gas

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the average direct labor hour rate?

. Assume a manufacturer incurs 2,000,000 hours of direct productive labor in a year at a total direct labor cost of $50,000,000. The total manufacturing indirect expense for the same period is $67,500,000. a. What is the average direct labor hour rat..

  End of the fiscal period

Suppose that nominal accounts are not closed out at the end of the fiscal period. Explain how this affects account data for the next fiscal period. Use a company or industry to help explain your answer.

  Define inventory property, plant & equipment contingencies

Course project notes to the financial statement - develop notes to the financial statements. Develop a Course Project having to do with writing notes for a fictitious annual report.

  Prepare a statement of cash flow for the month ended july

Eduardo Inc. was organized on July 1, 2009. A summary ofcash flows for July follows. Prepare a statement of cash flow for the month ended July 31,2009.

  Fixed asset depreciation-cisco and funseth farms examples

Funseth Farms, purchased a tractor in 2008 at a cost of $30,000. The tractor was sold for $3,000 in 2011. Depreciation recorded through the disposal date totaled $26,000.

  Problem related to auditing standards

Auditing standards discuss fraud in details. What is your impression of the auditor's responsibility to discover it? Do you make a distinction between responsibility regarding management fraud versus employee fraud?

  Nonfinancial information which used to evaluate performance

Discuss the nonfinancial information that may be used to evaluate the performance of a college or university and suggest what information provides the most insight to financial performance.

  Expenses incurred and retained earnings relationships

Assume that retained earnings increased by $240,000 from December 31, 2005, to December 31, 2006, for Miller Corporation. During the year, a cash dividend of $140,000 was paid.

  Find the present values of the cash flow streams

Find the present values of the following cash flow streams. The appropriate interest rate is 8%. (Hint: It is fairly easy to work this problem dealing with the individual cash flows.

  Airbus plant relocation

This week, Airbus announced it was building new plant in Alabama. Can you aid me in answering the following questions based on information in conjunction with Foreign Direct Investment.

  Strengths-weaknesses of various types of accounting

Are there any difference between the organizations that adopt a particular accounting method? What are the strengths and weaknesses of the various types of accounting?

  Change in accounting method

At the beginning of 2011, Red decided to change the depreciation to the double-declining balance method. The residual value remains at $4 million. Ignoring income taxes, what will be Red's depreciation expense for 2011?

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