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
TEA [102]
3 years ago
12

Onslow Co. purchases a used machine for $192,000 cash on January 2 and readies it for use the next day at a $10,000 cost. On Jan

uary 3, it is installed on a required operating platform costing $2,000, and it is further readied for operations. The company predicts the machine will be used for six years and have a $23,040 salvage value. Depreciation is to be charged on a straight-line basis. On December 31, at the end of its fifth year in operations, it is disposed of.
1. Prepare journal entries to record the machine's purchase and the costs to ready and install it. Cash is paid for all costs incurred.

2. Prepare journal entries to record depreciation of the machine at December 31.

3. Prepare journal entries to record the machine's disposal under each of the following separate assumptions:
Business
1 answer:
Natalka [10]3 years ago
8 0

please find the answer in the attached below

Download docx
You might be interested in
Advantages of Intercrop vegetable farming
tresset_1 [31]

Answer:

Diversity and stability of fields.

Reduction in chemical or fertilizer application.

A complementary sharing of plant resources, such as Nitrogen from N fixing plants.

Weed suppression, and a reduction in susceptibility to insects and disease.

7 0
3 years ago
Preparation of a statement of cash flows involves five steps:
adelina 88 [10]

Answer:

Preparation of a statement of cash flows involves five steps

1. Compute net cash provided or used by operating activities.

This is the section where all the cash flow that belongs to the operating section are been added and subtracted according to the inflow and outflow of the transaction.

2. Compute net cash provided or used by investing activities.

This is the section where all the cash flow that belongs to the investing section are been added and subtracted according to the inflow and outflow of the transaction.

3. Compute net cash provided or used by financing activities.

This is the section where all the cash flow that belongs to the financing section are been added and subtracted according to the inflow and outflow of the transaction.

4. Compute the net increase or decrease in cash

This is the section where the cash-flow from operating, investing and financing activities is  been balanced.

5. Report the beginning and ending cash balances and prove that the ending cash balance is explained by net cash flows.

After the cash-flow from operating, investing and financing activities is  been calculated, Then, this section is also computed to derive the Closing/Ending cash balance

4 0
3 years ago
At Infosoft Solutions, employees are encouraged to take care of their problems by working with one another and with customers, u
likoan [24]

Answer: Decentralized

Explanation: In a decentralized organisation, the seniors in the organisation transfers the authority and responsibility to their subordinates.

This is done by the seniors with the objective of effective running of operations within. The employees in such organisations usually remain more motivated than others.

In the given case, Infososft is encouraging their employees to take their own decisions while dealing with customers. Hence the transfer of authority for decision making is evident.

From the above we can conclude that the correct option is A.

6 0
4 years ago
A company releases a​ five-year bond with a face value of​ $1000 and coupons paid semiannually. If market interest rates imply a
maria [59]

Answer:

B) 12%

Explanation:

As we know that the coupon rate and YTM is equal if it is sold at par. If the coupon rate is less than the YTM than the bond is sold at discount and if the coupon rate is more than the YTM than the bond is sold at premium

Since the question is asking about the coupon rate if the bond is sold at premium so the coupon rate would be higher than the YTM.  

So, the coupon rate would be 12%

8 0
4 years ago
What other pervasive institutional consideration may influence pay inequality
Anettt [7]

The other pervasive institutional consideration which may influence pay inequality include: technological advancement, globalization, wage-setting institutional changes. In a persuasive speech, the discourse will focus on the reasons for supporting your specific purpose statement. Read below about persuasive institutional consideration strategies.

<h3>What are persuasive strategies?</h3>

The persuasive strategies are logos, ethos and pathos. The peak effective persuasive communication usually has a mix of all three strategies. Logos uses logic or reason to reach a conclusion, while ethos depends upon the credibility of the author or speaker.

Therefore, the correct answer is as given above

learn more about persuasive strategies: brainly.com/question/24450505

#SPJ1

4 0
2 years ago
Other questions:
  • Which represents the hierarchical structure of a Google Analytics account from top to bottom?
    13·1 answer
  • As of july 2013, the population of the united states was 3.164 × 108, and the national debt was 1.674 × 1013 dollars. how much w
    12·1 answer
  • During an OSHA inspection:
    11·2 answers
  • Which financing option has the highest overall costs?
    7·2 answers
  • Joshua Gnaizda received an envelope in the mail from Time, Inc. The front of the envelope contained two see-through windows part
    6·1 answer
  • Corentine Co. had $167,000 of accounts payable on September 30 and $140,000 on October 31. Total purchases on account during Oct
    14·1 answer
  • Dividends on preferred stock are: a. paid after common stockholders receive their dividends. b. guaranteed, except in the event
    15·1 answer
  • Gymtastic was able to serve large crowds of customers and then adjust operations to serve very few customers thanks to their com
    5·1 answer
  • Inez is applying to renew her loan originator license. She has completed the application, provided proof that she has satisfied
    11·1 answer
  • Which is the best description of authorized shares?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!