User Account

All Pages

What would the year-end entry

Assignment Help Financial Accounting
Reference no: EM13512650

A machine was purchased for $28,000 and had an estimated scrap value of $4,000. What would the year-end entry be if the units of-production method was used, and it had an estimated life of 32,000 hours? In the first year of operation, it used 7,200 hours.

Reference no: EM13512650

Questions Cloud

Show the journal entry to record the equipment cost : The company's fiscal year is January through December. Show the journal entry to record the equipment's cost on the balance sheet for December 1999.
Estimate the mass of the block of ice : A dockworker applies a constant horizontal force of 89.0 n to a block of ice on a smooth horizontal floor. The frictional force is negligible. What is the mass of the block of ice
Explain the ka for hypochlorus acid hcio : The pH of a solution is 3.70. What is the (H+)? What are (OH-) and pOH. The Ka for Hypochlorus acid, HCIO, is 7.2 x 10-4 at 25 oC. What is pKa. Write the equation for the reaction to which Ka applies.
Swap pricing : Principal is not exchanged at the beginning of either an interest rate or a foreign currency swap.
What would the year-end entry : A machine was purchased for $28,000 and had an estimated scrap value of $4,000. What would the year-end entry be if the units of-production method was used, and it had an estimated life of 32,000 hours? In the first year of operation, it used 7,20..
Explain a vessel containing saturated vapor steam : A vessel containing saturated vapor steam at 175 C is cooled to 40 C. The total mass of its contents is 450g. Determine the final volume of liquid water in the vessel.
Record the hendersons investment : Henderson and Erin have decided to form a partnership. Henderson invests the following assets (shown at their agreed upon value) and he also transfers liabilities to the new firm.
Explain what will concentration will remain after 25 degrees : At 25 degrees the rate constant for the first order decomposition of a solution is .00640. If the starting concentration is .0314M, what will concentration will remain after 62.0 min at 25 degrees
How long does it takes to reach its peak height : a football spends a total of 5 seconds in the air.it reaches a peak height of 20 meters. how long does it takes to reach its peak height

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare all the entries that would be made relative to sales

Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in both 2010 and 2011. Assume a FIFO inventory flow.

  Calculate the four-firm concentration ratio

Calculate the four-firm concentration ratio (C4). Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, do you think the Department of Justice would attempt to block a horizontal merger between two firms with sales of $200,00..

  How many shares of poon industries did alutto purchase

Prepare Poon Industries' balance sheet as of June 30, 2012 on the answer sheet presented on the next page.  If an account should not appear on Poon's balance sheet, put XXX in the blank for the account on the answer sheet.

  Calculate the predetermined overhead rate for 2012

Calculate the predetermined overhead rate for 2012, assuming Deglman Manufacturing estimates total manufacturing overhead costs of $980,000, direct labor costs of $700,000, and direct labor hours of 20,000 for the year.

  Harvest the forest analyzing the pros and cons

Calculation of Time period when the company should harvest the forest analyzing the pros and cons.

  Certify authorship of your work using certificate of origin

Certify authorship of your work, using Certificate of Originality coversheet posted in the Course Materials forum. This is required for all formal assignments.

  Company realizes a contribution margin

It would save $6,300 per year over the present method of delivering pizzas. In addition, it would result in the sale of 2,300 more pizzas each year. The company realizes a contribution margin of $1 per pizza.

  Julias catering has a monthly target operating income of

julias catering has a monthly target operating income of 6000. variable expenses are 40 percent of sales and monthly

  The net income of the subsidiary account appear

1 On consolidated financial statements, where does the parent's equity in the net income of the subsidiary account appear?

  Determining the cost of the product under absorption and

determining the cost of the product under absorption and variable costing methods.variable costing problem your company

  Hugo was planting a tree when he unearthed 100000

hugo was planting a tree when he unearthed 100000 certificates of itt bearer bonds with a existing value of 4 million.

  General journal entry to incorporate the opening balances

Prepare a general journal entry to incorporate the opening balances into the current period, including the balancing capital figure.

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