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!
Along with owning the storefront shop ABC Inc. owns a warehouse located on the outskirts of the city. The company had the land and buildings appraised in December 2014.
ABC Inc. paid $212,400 for the land on which the store is located.The land was appraised four years ago in 2010 at $194,400. In 2014, the appraised value was $218,400. The appraised value of the store was unchanged. ABC Inc. accounts for land under the revaluation method.
The appraised value of the land on which the warehouse is located was unchanged. The warehouse (building) was valued on December 31,2014, at $82,600. The useful life and the salvage value of the warehouse (building) were unchanged. The following information was provided. What are the required adjusting entries?
Life (in years)
Cost, opening
Accumulated revaluation / impairments to December 31, 2013
Cost, net of revaluation /impairments, ending December 31, 2013
Salvage value
Accumulated depreciation to December 31, 2013
Net book value, at December 31, 2013
Land - warehouse
n/a
85,000.00
-
Land - store
212,400.00
(18,000.00)
194,400.00
297,400.00
279,400.00
Warehouse (building)
40
126,000.00
10,000.00
27,550.00
98,450.00
Store
368,400.00
78,285.00
290,115.00
a gold mine has just completed mining waste pre-strip prior to commencing grade control mining. the waste rock was
many years ago shipley corporation developed comprehensive budgeting system for profit planning and control purposes.
Who do you think wins here and why
Steel Company, a wholesaler that has been in business for two years, purchases its inventory from various suppliers. During the two years, each purchase has been at a lower price than the previous purchase.
a consumer spending is the largest component of gdp. discuss the relationship between the economys health the job
Mathew Murphy, single, sold his home that he had owned for 20 years for $670,000. He purchased it for $110,000 and made $40,000 of capital improvements on the home during his time of ownership. a) How much gain is excluded? How much is recognized?
mateo corporation is considering purchasing a new delivery truck. the truck has many advantages over the companys
1 a farmer wants to fence an area of 1.5 million square feet in a rectangular field and then divide it in half with a
Let's say that a company produces a single product with a sale price of $25 per unit. The variable cost per unit is $15 and the company incurs fixed costs of $50,000 per month. What is the breakeven point for this company in units and sales dollar..
from a christian worldview why is it so important to submit to authority in business? should we blindly submit to
wren company had credit sales of 250000 and cost of goods sold of 150000 for the period. awren uses the percentage of
ramirez company manufactured 60000 units of product last year and identified the following costs associated with the
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