Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Vietnam Pty Ltd purchased a truck for cash for $52,000 plus 10% GST on January 1, 2010. At the time of purchase it was estimated that the useful life of the vehicle would be 100,000 kilometres and it was expected that it would travel that distance over four years. At the end of four years of useful life it was calculated that the truck could be sold for $12.000. The accounting period for Vietnam Pty Ltd is the financial year.
The actual distance covered by the truck was as follows:
Required:
a) Calculate depreciation for the years ending 30th June 2010 to 30 June 20'14 using the units of production method.
b) Prepare general journal entries to record the depreciation, using the straight-line method, for the period 1 January 2010 to 30 June 2012.
Search the Internet for at least one example of an actual organization that uses throughput or variable costing. Prepare a memorandum to your instructor that describes: The organization its name, industry, size, profitability, strategy, and so on. Th..
This new debt will be used to repurchase shares of the outstanding stock. The restructuring is expected to increase the earnings per share. What is minimum level of earnings before interest and taxes that the firm is expecting? Ignore taxes?
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions. Compute gross profit earned by the company for each of the four costing methods. Compute the cost assigned to endin..
ABC Company defined benefit pension plan specifies annual retirement benefits according to the following pension formula: Provide the journal entry to record ABC Company's prior service cost at the beginning of 2014 with respect to Christopher. Provi..
The Scarborough Corporation manufactures and sells two products: Thingone and Thingtwo - Revenue and production budgets.
To record the purchase of direct materials, the general ledger would include illustrate what entry to the Materials Price Variance Account
Post all journal entries and adjusting journal entries to the general ledger T-accounts and ending balances of all permanent accounts to the beginning balances (BB) in July's general ledger T-accounts. Please round all amounts to the neares..
Classification of cash flows in to Operating, Investing or Financing activities and Cash Flow Classifications
Valuation of plant asset - What amount if any will Hi-Tech record as goodwill on the date of purchase?
Calvin and Hobbes are the new owners of Micro Computer Services. At the end of August 2010, their first month of ownership, Calvin and Hobbes are trying to prepare monthly financial statements. They have the following information for the month.
Joel blocker has just rented space in a strip mall. in this space, he will open a photography studio, to be called Picture this! a friend has advised joel to set up a double-entry set of accounting records in which to record all of his business trans..
Evaluate Caltrons revenue recognition policy and the quality of Caltron's earnings and discuss how and why Peale, Gower & Quill should recommend that Caltron account for and report the four transactions in the fourth quarter of 20X1.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd