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
AleksandrR [38]
3 years ago
6

Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was re

placed at a cost of $210,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $790,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $16,500. 4. All of the equipment on the assembly line in the plant was rearranged at a cost of $44,000. The re-arrangement clearly increases the productive capacity of the plant.Required: Prepare journal entries to record each of the above expenditures.
Business
1 answer:
suter [353]3 years ago
8 0

Answer:

S/N    Journal Entries                                           Debit         Credit

1         Accumulated depreciation-Building      $210,000

                 Cash                                                                     $210,000

2        Building                                                    $790,000

                 Cash                                                                     $790,000

3        Maintenance expense                            $16,500

                 Cash                                                                      $16,500

4        Equipment                                               $44,000

                 Cash                                                                      $44,000

You might be interested in
You're welcome. As a first step, our team analyzed the other potential primary contenders. The reality is that with such a stron
SCORPION-xisa [38]

Below is the complete question:

CANDIDATE: Thank you for agreeing to conduct some research to assess my potential as a candidate in the upcoming election.

CONSULTANT: You're welcome. As a first step, our team analyzed the other potential primary contenders. The reality is that with such a strong field, it is going to be difficult to gain the _______ of votes necessary to avoid a runoff unless you want to go negative from the start.

Answer:

Majority

Explanation:

The reality is that with such a strong field, it is going to be difficult to gain the MAJORITY of votes necessary to avoid a runoff unless you want to go negative from the start.

8 0
3 years ago
Problem 10-4 Partnership Formation (LO 10.2) Elaine's original basis in the Hornbeam Partnership was $40,000. Her share of the t
dexar [7]

Answer:

$31,000

Explanation:

Calculation to determine Elaine's current basis in her partnership interest

Using this formula

Elaine's current basis= Value of original basis + (interest purchased - Cash received) + Tax exempt interest

Let plug in the formula

Elaine's current basis= $40,000 + ($70,000 - $80,000) + $1,000

Elaine's current basis= $40,000 - $10,000 + $1,000

Elaine's current basis= $31,000

Therefore Elaine's current basis in her partnership interest is $31,000

5 0
3 years ago
When budgeting for your immediate needs, you should divide them into what two categories of expenses
Usimov [2.4K]
Fixed expenses and flexible expenses or Discretionary expenses
5 0
3 years ago
Read 2 more answers
Each scenario below illustrates a basic underlying principle of economics of how economies work through the interactions of indi
vladimir1956 [14]

Answer:

The correct answer is: market efficiency; government intervention; specialization; equilibrium.

Explanation:

The owner of the snow cones realizes that the demand for snow cones has decreased in winter, and thus, closes shop to open back. This is an example of market efficiency.  

The local river is being polluted too much because of the amount of chemicals being dumped in the river. The government puts regulation on the amount of chemicals being dumped. This is an example of government intervention in the economy.  

At a restaurant one chef is placed at the vegetable station, one chef is at meat station, and one is to plate the food. This an example of specialization the management is placing chef that specializes in vegetable, meat and in plating at their respective positions.

The favorable whether leads to increase in supply of oranges. This causes a rightward shift in supply curve. The price of oranges fall as a result. This is an example of change in equilibrium.

3 0
3 years ago
The best way to convince employers of your skills and abilities is to _____. A. Provide a written list, such as in your resume b
Vaselesa [24]

Answer:

A. provide a written list such as in your resume

4 0
3 years ago
Other questions:
  • July bought a coat for 30% more than the price she wanted to pay. if she paid $250, how much was she looking to pay?
    5·1 answer
  • Which documents are necessary to calculate ros?
    5·1 answer
  • On January 1, 2017, Boston Enterprises issues bonds that have a $2,150,000 par value, mature in 20 years, and pay 6% interest se
    12·1 answer
  • When you take out a mortgage your home becomes the collateral. True or Fals
    6·1 answer
  • PLEASE HELP
    6·2 answers
  • Match the scenarios with the economic concepts they illustrate.
    14·2 answers
  • When cash is received from a stockholder in exchange for common stock, the transaction is recorded by debiting Cash and creditin
    15·1 answer
  • Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. Trader Joe's creates a competitive ad
    12·1 answer
  • Why is saving, spending and investing important? long summary
    8·1 answer
  • ________ are a form of tax and spending rules that can affect aggregate demand in the economy without any changes in legislation
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!