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2 years ago

On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.

Business

1 answer:

ivolga24 [154]2 years ago

6 0

Answer and Explanation:

The journal entries are shown below:

1 Equipment $53,420

To Cash $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost

= $49,500 + $3,650 + $100 + $60 + $110

= $53,420

2. Depreciation expense $9,614

To Accumulated Depreciation - Equipment $9,614

(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

= $9,614

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What form of capital will be obtained by Transnet

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Explanation:

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A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions tota

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3 years ago

How do the elements of the marketing mix work together to help create a<br>marketing strategy?

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Explanation:

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2 years ago

If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs

Ahat [919]

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Explanation:

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2 years ago

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2015, an auction

VLD [36.1K]

Answer: -13.35%

Explanation:

Based on the information given in the question, the annual rate of return on this painting will be calculated thus:

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1,080,000/1,660,000 = (1+r)³

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3 years ago