Business, 25.02.2020 19:51 athenasartin1

Recorded $200 of depreciation expense.
(a) Sold land that had originally cost $10,000 for $14,000 in cash.
(b) Acquired a new machine under a financing lease. The present value of future lease payments, discounted at 11%, was $11,000.
(c) Recorded the first annual payment of $2,000 for the leased machine (in part c).
(d) Recorded a $5,000 payment for the cost of developing and registering a trademark.
(e) Recognized periodic amortization for the trademark (in part e) using a 50-year useful life.
(f) Sold used production equipment for $17,000 in cash. The equipment originally cost $45,000, and the accumulated depreciation account has an unadjusted balance of $23,900. It was determined that a $1,300 year-to-date depreciation entry must be recorded before the sale transaction can be recorded.

Record the adjustment and the sale.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 05:20

142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle

Answers: 1

Answer

Business, 22.06.2019 15:20

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Answers: 3

Answer

Business, 22.06.2019 22:00

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60

Answers: 3

Answer

Business, 23.06.2019 01:00

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?

Answers: 3

Answer

You know the right answer?

Recorded $200 of depreciation expense.
(a) Sold land that had originally cost $10,000 for $14...

Questions