User Account

All Pages

Prepare the necessary December adjusting journal entry

Assignment Help Accounting Basics
Reference no: EM132569810

Question - On July 1, 2014, Delta Company purchased and placed in service a machine with a cost of $340,000. Delta estimated the service life to be 6 years or 60,000 units of output, with an estimated residual value of $80,000. During 2014, 15,000 units were produced. Prepare the necessary December 31, 2014, adjusting journal entry to record depreciation for 2014 assuming Delta uses the double-declining-balance method to the nearest whole month?

Reference no: EM132569810

Questions Cloud

Prepare journal entry to record the payment of refund : Assume that wayside furniture company pays a refund of $4,500 for returned inventory costing $2,500. Prepare journal entry to record the payment of refund
Make the adjusting journal entry that extra company make : Make the adjusting journal entry that Extra Company should make on December 31 of the current year, to estimate bad debts expense
How the loss should be accounted for entity : Entity C has a subsidiary -Determine the impairment loss and show clearly how the loss should be accounted for in 2020 in Entity C.
Surgical options for treatment of atherosclerosis : What is atherosclerosis? Explain the surgical options for treatment of atherosclerosis.
Prepare the necessary December adjusting journal entry : Prepare the necessary December 31, 2014, adjusting journal entry to record depreciation for 2014 assuming Delta uses the double-declining-balance method
Identify the vitamin classification : What are fat-soluble vitamins? What are high nutrient sources of these vitamins? Identify the vitamin classification.
Compute for rent expense under accrual basis : Compute for Rent Expense under accrual basis method of accounting and Rent income under accrual basis method of accounting.
Make net purchases and cos under accrual basis : Make Net purchases and COS under accrual basis method of accounting and Net purchases and COS under cash basis method of accounting.
What are the functions of water in the body : Explains the basic functions and sources of minerals and water in the body. What are the functions of water in the body?

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