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. :)
Answer:
Which of the following accurately depicts the transformation of y= x^2 to the function shown below? y=2(x-3)^2+5
A. Shift left 3 units, shrink vertically to 1/2 of the original height, then shift up 5 units.
B. Shift right 3 units, stretch vertically by a factor of 2, then shift up 5 units.
C. Shift up 3 units, stretch horizontally by a factor of 2, then shift left 5 units.
D. Shift 5 units right, stretch vertically by a factor of 3, then shift up 2 units.
Step-by-step explanation:
For f(x) = 4x+1 and g(x)= x^2-5, find (f/g) (x).
63 miles in 270 minutes will mean that nolan rides his bike at a distance of 63/270 miles in one minute.
there are 60 minutes in an hour. So to find out the distance he covers in 1 hour, 63/270 × 60 will give you 14 miles.
Since the question is asking for the average speed, nolan rides his bike at 14 miles per hour i think.