When a plant asset is retired from productive servicw

Assignment Help Accounting Basics
Reference no: EM131017409

when a plant asset is retired from productive service, (without any sale) that originally cost $100,000 and had accumulated depreciation of $80,000, the correct accounting treatment is what? 

Reference no: EM131017409

Questions Cloud

The function of an intrusion detection system : The function of an intrusion detection system (IDS) can be described by the false alarm rate. Define what is meant by this term. There are (at least) two other terms that describe the basic function of an IDS in terms of the attack vs alarm relation...
How do you know that the industry is in long-run equilibrium : Draw graphs showing a perfectly competitive firm and industry in long-run equilibrium. How do you know that the industry is in long-run equilibrium?
Explain the differences between cyber crimes and computer : Explain the differences between cyber crimes and computer crime
Explain the meaning of and use of the concepts toe : Explain the meaning of and use of the concepts TOE, PP and ST as used in common criteria?
When a plant asset is retired from productive servicw : when a plant asset is retired from productive service, (without any sale) that originally cost $100,000 and had accumulated depreciation of $80,000, the correct accounting treatment is what?
A virus typically goes through four operational phases : A virus typically goes through four operational phases during its lifetime: Name and describe these phases.
Determining capacitive reactance : In the time-constant curve of a resistor and large inductor, the initial part of the curve that represents the start-up of current is blank - Which of the following is a component that opposes any change in current through it?
Companies resolve domestic and international issues : How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings? How should companies resolve domestic and international issues differently?
Is the salesperson correct : A salesperson claims that, at 10% p.a. depreciation, a car will lose half its value after 7 years. Is the salesperson correct? please show working

Reviews

Write a Review

Accounting Basics Questions & Answers

  Shaw prepares an income statement for the first quarter

Shaw prepares an income statement for the first quarter of 2012, ending on March 31, 2012. How much revenue should Shaw recognize related to its sale to Ricard?

  Dugan sales had the following transactions for jackets in

dugan sales had the following transactions for jackets in 2013 its first year of operations jan 20 purchased 80 units

  On january 3 20xx boice company purchased equipment for

objective to show the financial statement presentation of a long term asset.on january 3 20xx boice company purchased

  Give the entries required on december to record payroll

Give the entries required on December 31 to record payroll. Give (a) the journal entry for the collection of rent on December 10 and (b) the adjusting journal entry on December 31. Show how any liabilities related to these items should be reported on..

  Compute 1 the contribution margin for the current and the

poole corporation has collected the following information after its first year of sales. net sales were 1600000 on

  Austin incurs 3600 for business meals while traveling for

austin incurs 3600 for business meals while traveling for his employer tex inc. austin is reimbursed in full by tex

  John borrowed 320000 on april 1 the note requires interest

john borrowed 320000 on april 1. the note requires interest at 12 and principle to be paid in one year. how much

  A company uses 40000 gallons of materials for which they

a company uses 40000 gallons of materials for which they paid 7.00 a gallon. the materials price variance was 80000

  T-account how do you know whether an account has a credit

t-account how do you know whether an account has a credit balance or a debit balance? give an example.also give

  Determine the missing amounts

Determine the missing amounts - determine the gross profit rates. (Round to one decimalplace)

  Discussion about ifrs versus gaap

Write a 700- to 1,050-word summary of the team's discussion about IFRS versus GAAP, based on your team collaborative discussions. The summary should be structured in a subject-by-subject format. An introduction and a conclusion are needed. Your es..

  The questions in this exercise are based on fedex

the questions in this exercise are based on fedex corporation. to answer the questions you will need to download fedexs

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!

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