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:
A chef flips a pancake over in a skillet
Step-by-step explanation:
Answer:
PQR=1
Step-by-step explanation:
Answer:
Only external forces affect the motion of a system, according to Newton's first law. ... force applied to a car produces a much smaller acceleration than when ... Newton's second law states that a net force on an object is responsible for its ... A 1.0-kg mass thus has a weight of 9.8 N on Earth and only about 1.7 N on the Moon.
Step-by-step explanation:
Only external forces affect the motion of a system, according to Newton's first law. ... force applied to a car produces a much smaller acceleration than when ... Newton's second law states that a net force on an object is responsible for its ... A 1.0-kg mass thus has a weight of 9.8 N on Earth and only about 1.7 N on the Moon.
First find out how much he makes in 8 hours (9x8=72). Then subtract 72 from 155 (155-72=83). Then divide 83 by 6 (83/6=13.8333). Since 83 is not evenly divisible by 6, and since he can't deliver .8333 of a delivery, we would round up, giving us 14). Ben would need to make 14 deliveries in 8 hours to make more than $155 :) Hope this helps you :)
