Monthly depreciation is calculated as follows:
65,000 (Cost) – 5,000 (Salvage Value) ÷ 60 (5 years X 12 months per year) = 1,000 in depreciation per month.
a) Accumulated depreciation from 1/1/12 to 1/1/15 is 36,000 (12 months for 2012, 2013, & 2014).
Assuming that sale was a Cash sale, the journal entry would look like this:
1/1/15
Cash (DR) 31,000
Accumulated Depreciation (DR) 36,000
Equipment (CR) 65,000
Gain on Sale of Equipment (CR) 2,000
b) Accumulated depreciation from 1/1/12 to 5/1/15 is 40,000 (12 months for 2012, 2013, 2014, & 4 months for 2015).
Assuming that sale was a Cash sale, the journal entry would look like this:
5/1/15
Cash (DR) 31,000
Accumulated Depreciation (DR) 40,000
Equipment (CR) 65,000
Gain on Sale of Equipment (CR) 6,000
c) Accumulated depreciation from 1/1/12 to 1/1/15 is 36,000 (12 months for 2012, 2013, & 2014).
Assuming that sale was a Cash sale, the journal entry would look like this:
1/1/15
Cash (DR) 11,000
Accumulated Depreciation (DR) 36,000
Loss on Sale of Equipment (DR) 18,000
Equipment (CR) 65,000
d) Accumulated depreciation from 1/1/12 to 10/1/15 is 45,000 (12 months for 2012, 2013, 2014, & 9 months for 2015).
Assuming that sale was a Cash sale, the journal entry would look like this:
10/1/15
Cash (DR) 11,000
Accumulated Depreciation (DR) 45,000
Loss on Sale of Equipment (DR) 9,000
Equipment (CR) 65,000
Not my answers, but I hope this will help you. :)
Let's assign a variable that is the number when multiplied by 10% it is equal to 0.1.
Well let that be x.
Now we want to convert the 10% into a decimal. To convert a percent into a decimal, simply move the % sign two places to the left and make it into a decimal point.
When we say "of" in mathematics what we really mean is to multiply.
0.10 * x = 0.1
That is the equation we need to find the value of x for.
Divide both sides by 0.10
0.10 * x = 0.1
The 0.10 on the left side cancels out.
x = 1
So, the answer to this question is if we multiply 10% by 1 we will get 0.1.
Check the picture below.
notice that the triangle ADH, since the segment AL is an angle bisector, meaning it cuts the angle A in two equal halves, then the triangle ADH is only using half of A.
Answer:
They would recieve cents as change.
Step-by-step explanation:
They bought 2 sandwiches, 1 salad, 1 piece of fruit and 2 drinks
Total = 6 items altogether
They gave cashier cash of 20.03
Which means all items are not more 20.03
If they would receive change, it would be in cents.
