User Account

All Pages

What was the book value of the fixed assets

Assignment Help Accounting Basics
Reference no: EM132710739

Problem - Book value of fixed assets - For a recent year, Barnes & Noble Inc. (BKS) reported (in thousands) Property and Equipment of $3,076,299 and Accumulated Depreciation of $2,627,007.

Required -

a. What was the book value of the fixed assets?

b. Would the book values of Barnes & Noble's fixed assets normally approximate their fair market values?

Reference no: EM132710739

Questions Cloud

What is team cohesiveness : What is team Cohesiveness? Explain any five "5" ways in which Cohesion could be increased and any five "5" ways in which Cohesion could be decreased in a team.
What are the two major types of environmental problems : What are the two major types of environmental problems? Name and discuss the effects of air and water pollution cited in the text.
How the liability should be classified on the balance sheet : The terms of which provide for monthly payments of $8,000. Explain how the liability should be classified on the balance sheet
Statistics for business : Discuss how you would use a linear optimization model in one area of your proposed business
What was the book value of the fixed assets : Barnes & Noble Inc. (BKS) reported (in thousands) Property and Equipment of $3,076,299. What was the book value of the fixed assets
What the field of sociology is : What the field of sociology is; this module is an opportunity to reacquaint yourself with the sociological imagination. You will also be reminded about
How is the adjustment recorded : How is the adjustment recorded? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease
What are adjustments to adjust the unearned fees account : In addition, $289,500 of fees have been earned but not billed to clients. What are adjustments to adjust the unearned fees account
Role of project manager within organization : Assume the role of a project manager within an organization that you work for or are familiar with.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare flexible budgets for factory overhead

Prepare flexible budgets for factory overhead at the 1,000, 2,000, and 4,000 unit levels.

  Prepare post-closing trial balance

Prepare post-closing trial balance, Discuss the financial position of Trap Adventures, Inc. using the following ratios

  What is the amount of depreciation expense

On July 1, 20×1, Company Q purchased a building at $1,200,000. What is the amount of depreciation expense for 20×1

  What is Northern Divisions return on sales

Northern Division reported the following results for 2014: Annual Sales P500,000. What is Northern Divisions return on sales

  Personal responsibility and accountability fitting

Describe where you see personal responsibility and accountability fitting

  What is net income using variable costing

Star Services, Inc., a manufacturer of telescopes, began operations on October 1 of the current year. During this time, the company produced 50,000 units and sold 35,000 units at a sales price of $500 per unit. Cost information for this year is sh..

  Prepare the journal entries to record the property taxes

Prepare the journal entries to record the receipt of current property taxes, to reclassify amounts as indicated; to accrue interest and penalties

  What is bond discount

Bond interest is shown as a current liability. Did we not pay our trustee, Flagstad Company, the full amount of interest due this period?

  Assume that management had determined that its

assume that management had determined that its organizations audit committee is not effective. for example lehman

  Thibodeaux limousine corporation is trying to determine a

thibodeaux limousine corporation is trying to determine a predetermined manufacturing overhead estimated overhead for

  Allocate joint cost method using the physical-units method

Hernandez Chemical Company's production process for two of its solvents can be diagrammed using a process map as shown in Exhibit 12-25. Allocate the $400,000 joint cost to solvents A and B by the physical-units method

  Forming payoff matrix

Suppose both governments offer their respective company a subsidy of $4(million), but only if they produce.  Airbus is still able to produce before Boeing. Fill in the new payoff matrix below. What is the equilibrium outcome?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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