1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
meriva
3 years ago
15

Connor Buck Company purchased an oil tanker on January 1, 2014, at a cost of $3,000,000 cash. Connor expects to operate the depo

t for 20 years, at which time it is legally required to dismantle the depot and remove the underground storage tanks. It is estimated that it will cost $500,000 to dismantle the depot and remove the tanks at the end of the depot’s useful life. Market Rate interest = 10(a) Prepare the journal entries to record the depot (considered a plant asset) and the asset retirement obligation for the depot on January 1, 2014. Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2014, is $35,458.
Business
1 answer:
kakasveta [241]3 years ago
7 0

Answer:

I am from India.......

You might be interested in
Account got deleted! Add me!!
Step2247 [10]

Answer:

The descriptions that best characterize the young Dr. Jekyll include the following:

1.  -He was famous.

2.  -He was rich.

3.  -He was in excellent shape.

Explanation:

He was an eccentric Dr who was researching on the possibility of discovering a drug that will help mankind. During his research, he noticed that, when ever he take a particular drug, it alters his personality and body which would bring out the darkest thoughts in him.

<em>The more he took the drug, the more him slips into darkness and destruction which always makes him sober after transforming back to his normal personality.</em>

4 0
3 years ago
J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two part
Elina [12.6K]

Answer:

cash   110,000 debit

  land                   100,000 credit

  gain at disposal  10,000 credit

--to reocrd teh sale of land--

accounts payable 80,000 debit

               cash               80,000 credit

--to record the payment of liabilities--

gain at disposal 10,000 debit

                Morgan           7,500 credit

                Halsted          2,500 credit

--to distribute the gain from sale--

Morgan 22,500

Haslted    7,500

   Cash                30,000

--to liquidate the partnership--

Explanation:

ratio 3:1 (3+1=4)

Morgan  15000 share of 3/4 = 75%

Halsted   5000 share of 1/4 = 25%

there is gain of 10,000 in the sale distribute as follow

Morgan 10,000 x 75% =  7,500

Halsted 10,000 x 75% =   2,500

Now we close the account against cash

8 0
3 years ago
The variable in an experiment that is observed or measured in response to the experimental condition is known as the _________ v
Ierofanga [76]
Design make liability
5 0
3 years ago
Velshi Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2018, manufacturing o
bixtya [17]

Answer:

$4,783.88

Explanation:

As for the provided information, the problem is based on activity based costing.

There are 3 activities:

i) Design Changes = $120,000 for 500 changes

Cost per change = \frac{120,000}{500} = $240 for each change

ii) Setups = $380,000 for 4,000 setups

Cost per setup = \frac{380,000}{4,000} = $95 for each setup

iii) Inspections = $100,000 for 9,000 inspections

Cost per inspection = \frac{100,000}{9,000} = $11.11

In case of Money Managers, there is printing of 70,000 pages

Design charges = 12 design changes \times $240 = $2,880

Setup charges = 17 setups \times $95 = $1,615

Inspection charges = 26 inspections \times $11.11 = $288.88

Total overhead cost for Money Managers = $2,880 + $1,615 + $288.88 = $4,783.88

4 0
3 years ago
A __________ is a person or organization that maintains a business relationship with, and uses service from, cloud providers.
Alenkinab [10]
A cloud consumer is a person or organization that maintains a business relationship with, and uses service from, cloud providers.
3 0
1 year ago
Other questions:
  • There are three consumers of a public good. The demands for the consumers are as follows: Consumer 1: P1 = 60 – Q Consumer 2: P2
    11·1 answer
  • Type the correct answer in the box. Spell all words correctly
    11·1 answer
  • g Suppose on January 1 Austin​'s Tavern prepaid rent of $ 13 comma 200 for the full year. At May 31​, how much rent expense shou
    11·1 answer
  • Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due Total 0 1 to 30 31 to 60 61 to
    8·1 answer
  • Susan opened a savings account with $750 at 2.9 percent annual interest. If she keeps the money in the account for 2 years, what
    12·1 answer
  • At the end of the period, the balance left in the factory overhead account is equal to the
    12·1 answer
  • In Fine Fettle is considering three different options for selling its new product:
    7·1 answer
  • Fiat money:________.a) has no intrinsic value. b) is backed by gold. c) is a medium of exchange but not a unit of account. d) is
    6·1 answer
  • Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University and
    8·1 answer
  • Examples of barriers to entry include Group of answer choices Price taking. Patents. None of the Answers are Correct. Standardiz
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!