Jan 1 retired a piece of machinery that was purchased on

Reference no: EM13596322

Jan. 1 Retired a piece of machinery that was purchased on January 1, 2002. The machine cost $62,000 and had a useful life of 10 years with no salvage value.
June 30 Sold a computer that was purchased on January 1, 2010. The computer cost $39,000 and had a useful life of 3 years with no salvage value. The computer was sold for $5,000 cash.
Dec. 31 Sold a delivery truck for $9,000 cash. The truck cost $25,000 when it was purchased on January 1, 2009, and was depreciated based on a 5-year useful life with a $3,000 salvage value.

Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Falk Corporation uses straight-line depreciation. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)

Reference no: EM13596322

Questions Cloud

The 12 water of hydration are hydratedstrongly attracted to : the 12 water of hydration are hydratedstrongly attracted to the metal ions of the crystallin alum structure. are the

An alum is a double salt consisting of a monovalent cation : an alum is a double salt consisting of a monovalent cation a trivalent cation and two sulfate ions with twelve water of

At work one day erica franz received 35 packages speedy : question at work one day erica franz received 35 packages. speedy delivery delivered twice as many as ralphs express

What would you expect to be the market price of the bonds : debtors may be able to realize an economic gain by defeasing their debt in substance. a hospital has outstanding 100

Jan 1 retired a piece of machinery that was purchased on : jan. 1 retired a piece of machinery that was purchased on january 1 2002. the machine cost 62000 and had a useful life

Lactic acid hc3h5o3 is a monoprotic acid that dissociates : lactic acid hc3h5o3 is a monoprotic acid that dissociates in aqueous solution. if a solution containing 0.50 m lactic

Find two other sets of three terms that are in subcontrary : nicomachus defined a subcontrary proportion which occurs when in three terms the greatest is to the smallest as the

The sales goal for your store this week last year was 20128 : question the sales goal for your store this week is 22682. the sales goal for your store this week last year was 20128.

Information regarding the note payable the note payable : the chase consulting group was organized on july 1 2010 when the two principal owners each contributed 50000 and

User Account

All Pages