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Question - In October 2014, the company bought a new delivery vehicle. The cost excluding non-recoverable taxes was $18,500. The vehicle is expected to have a five-year life and a $2,000 salvage value. On December 31, 2014, the company sold the old delivery vehicle for $800; however, the journal entry to account for the sale of the vehicle has not been booked yet. On December 31, 2014, the cash from the sale was deposited into the company's bank account.
The transaction was journalized as follows:
Dr Cash 800
Cr Gain on sale of equipment 800
What adjusting journal entry is required?
Under either positioning strategy, the introduction of the new bat will have an impact on sales of Kookaburra's current products.
Prepare the entries for Meredith to record the purchase and any additional entries related to this investment in pirates Company in 2010
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watches inc. makes a watch selling for 50 per unit. operating within its relevant range they have excess capacity to
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