User Account

All Pages

Morrell corporation disposed of two computers

Assignment Help Accounting Basics
Reference no: EM13868197

Prepare journal entries to record these transactions:

(a) Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $ 4,800 and their Accumulated Depreciation was $ 4,800. No residual value was received.

(b) Assume the same information as (a), except that Accumulated Depreciation, updated to the date of disposal, was $ 3,600.  

Reference no: EM13868197

Questions Cloud

Calculate the betas of portfolios a and b : Calculate the Betas of portfolios A and B. Compare the risk of each portfolio each other and also relative to the market, that portfolio is riskier?
What is the purpose of the african power figures : What is the purpose of the African power figures? Briefly describe them and discuss how they were used.  Discuss the influence of Buddhism in Japanese art. Your response should be at least 75 words in length
Blended learning in schools : Blended learning in schools. Current trends and future directions.
The concepts of liberalism and socialism : The concepts of liberalism and socialism, as well as other political ideologies. To begin,let's take a deeper look at the variations found within liberalism. Classical liberalism is based upon the work of John Locke and Adam Smith whereas modern libe..
Morrell corporation disposed of two computers : Prepare journal entries to record these transactions: (a) Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $ 4,800 and their Accumulated Depreciation was $ 4,800. No residual value was received. (..
Prepare the asset section of a classified balance sheet : Prepare the asset section of a classified balance sheet for Hasbro, Inc. Using Hasbro's 2013 Net Sales Revenue of $ 4,080 (million) and its Net Fixed Assets of $ 230 (million) at December 30, 2012, calculate the fixed asset turnover ratio for 2013. H..
Problem regarding the unity-gain bandwidth : Problem: A op-amp has unity-gain bandwidth of 105Hz. Its gain at very low frequency is 80 dB. You are using the op-amp in the inverting configuration with a signal that is at about 10 kHz. The op amp has a 10kΩ resistor in the feedback position an..
What are the sources of human capital? : What are the sources of human capital? Discuss some specific examples
Photograph a circular diffraction pattern : You want to photograph a circular diffraction pattern whose central maximum has a diameter of 1.2cm. You have a helium-neon laser (λ=633nm) and a 0.12-mm-diameter pinhole.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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