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:
-168
Step-by-step explanation:
14(5−11)(2)
=(14)(−6)(2)
=(−84)(2)
=−168
Plug the number for the x value and then solve the equation.
Answer:
34 x 6.45 because if you look at the numbers then u will find this
So what you have to do to figure this out is 47-20 to get 27, then take 27 and divide it by 3 to get the answer of 9 comic books were sold by John.
Answer:
3. Sides: Equilateral
Angles: Acute
4. Sides: Isosceles
Angles: Right
Step-by-step explanation:
3. Sides: Equilateral because in an equilateral triangle all sides are equal.
Angles: Acute because in an acute triangle all angles are acute.
4. Sides: Isosceles because in an isosceles triangle two legs are equal.
Angles: Right because in a right triangle, one angle is right.