Homework Answers
| Cost | 811000 | |
| Less: Residual value | 51000 | |
| Depreciable cost | 760000 | |
| Divide by Useful life | 10 | |
| Annual Depreciation | 76000 | |
| 1 | ||
| Accumulated Depreciation | 152000 | =76000*2 |
| 3 | ||
| Cost | 811000 | |
| Less: Accumulated Depreciation | 152000 | |
| Book value | 659000 | |
| Less: Sales price | 610000 | |
| Loss on sale | 49000 |
Add Answer to:
value: 1.00 points 3. What is the gain or loss on the sale of the ovens...
chapoo - Chapter 05 Inventory True Falsestions inventory is reported as a long 18. 1.00 points...
chapoo - Chapter 05 Inventory True Falsestions inventory is reported as a long 18. 1.00 points 4. Record the sale of the ovens at the end of the second year. (If no select "No journal entry reguit n the first account held.) View transaction list Journal entry worksheet Record the sale of ovens. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal HW 3 Instructions help Questions 15 - 18 (of 19)...
The following information applies to the questions displayed below) New Morning Bakery is in the process...
The following information applies to the questions displayed below) New Morning Bakery is in the process of dosing its operations. It sold its two-year old bakery ovens to Great Harvest Bakery for $700,000. The ovens originally cost $910,000 had an estimated service life of 10 years, and an estimated residual value of $60,000. New Morning Bakery uses the straight line depreciation method for all equipment 176 points Required: 1. Calculate the balance in the accumulated depreciation account at the end...
[The following information applies to the questions displayed below) New Morning Bakery is in the process...
[The following information applies to the questions displayed below) New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery tor s The ovens originally cost $690,000, had an estimated service life of 10 year 500,000 s, and an estimated residual value of $40,000 New Morning Bakery uses the straight-ine depreclation method for all equipment value 1.53 points Required 1. Calculate the balance in the accumulated depreciation account at the...
[The following information applies to the questions displayed below.] New Morning Bakery is in the process...
[The following information applies to the questions displayed below.] New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $520,000. The ovens originally cost $712,000, had an estimated service life of 10 years, had an estimated residual value of $42,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery. Required: 1. Calculate the balance in the accumulated depreciation account at the end of...
Required Information Problem 7-8A Record the disposal of equipment (LO7-6) [The following information applies to the...
Required Information Problem 7-8A Record the disposal of equipment (LO7-6) [The following information applies to the questions displayed below.) New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $600,000. The ovens originally cost $800,000, had an estimated service life of 10 years, had an estimated residual value of $50.000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery. Problem 7-8A Part 1...
Problem 7-8A Record the disposal of equipment (L07-6) The following information applies to the questions displayed...
Problem 7-8A Record the disposal of equipment (L07-6) The following information applies to the questions displayed below. New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $650,000. The ovens originally cost $855,000, had an estimated service life of 10 years, had an estimated residual value of $55,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery. Problem 7-8A Part 1 Required: 1....
Required information Problem 7-8A Record the disposal of equipment (L07-6) [The following information applies to the...
Required information Problem 7-8A Record the disposal of equipment (L07-6) [The following information applies to the questions displayed below.] New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $580,000. The ovens originally cost $778,000, had an estimated service life of 10 years, had an estimated residual value of $48,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery. Problem 7-8A Part 1...
Required Information [The following information applies to the questions displayed below.] New Morning Bakery is in...
Required Information [The following information applies to the questions displayed below.] New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $530,000. The ovens originally cost $723.000, had an estimated service life of 10 years, had an estimated residual value of $43.000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery Required: 1. Calculate the balance in the accumulated depreciation account at the...
3 Exercises instructions I help Question 5 (of 7) Save & Exit Submit value: 1.00 points...
3 Exercises instructions I help Question 5 (of 7) Save & Exit Submit value: 1.00 points The following information is available for Pioneer Company: • Sales price per unit is $130. • November and December, sales were budgeted at 3,040 and 3,450 units, respectively. • Variable costs are 10 percent of sales (4 percent commission, 3 percent advertising, 3 percent shipping). • Fixed costs per month are sales salaries, $5,400; office salaries, $2,500; depreciation, $2,800; building rent, $3,200; insurance, $1,600;...
Please answer Chapter 3 Homework instructions Ihelp Question 9(af 10) Save & Ex Submit 1.00 points...
Please answer
Chapter 3 Homework instructions Ihelp Question 9(af 10) Save & Ex Submit 1.00 points Moslert Music Cormpany had the folowing transecions in March: a. Sokd music leesons to cuslomers for $13,350, received 58,350 in cash end the rest on account b. Paid S800 in wages fer the month. RnoaNad a S370 bill for utilties that will be pad įn Apri. d. Recelvad $4,200 from customers as deposits on music lessons to be givan in Apri 1. Basnd on...
chapoo - Chapter 05 Inventory True Falsestions inventory is reported as a long 18. 1.00 points 4. Record the sale of the ovens at the end of the second year. (If no select "No journal entry reguit n the first account held.) View transaction list Journal entry worksheet Record the sale of ovens. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal HW 3 Instructions help Questions 15 - 18 (of 19)...
The following information applies to the questions displayed below) New Morning Bakery is in the process of dosing its operations. It sold its two-year old bakery ovens to Great Harvest Bakery for $700,000. The ovens originally cost $910,000 had an estimated service life of 10 years, and an estimated residual value of $60,000. New Morning Bakery uses the straight line depreciation method for all equipment 176 points Required: 1. Calculate the balance in the accumulated depreciation account at the end...
[The following information applies to the questions displayed below) New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery tor s The ovens originally cost $690,000, had an estimated service life of 10 year 500,000 s, and an estimated residual value of $40,000 New Morning Bakery uses the straight-ine depreclation method for all equipment value 1.53 points Required 1. Calculate the balance in the accumulated depreciation account at the...
Required Information Problem 7-8A Record the disposal of equipment (LO7-6) [The following information applies to the questions displayed below.) New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $600,000. The ovens originally cost $800,000, had an estimated service life of 10 years, had an estimated residual value of $50.000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery. Problem 7-8A Part 1...
Problem 7-8A Record the disposal of equipment (L07-6) The following information applies to the questions displayed below. New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $650,000. The ovens originally cost $855,000, had an estimated service life of 10 years, had an estimated residual value of $55,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery. Problem 7-8A Part 1 Required: 1....
Required information Problem 7-8A Record the disposal of equipment (L07-6) [The following information applies to the questions displayed below.] New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $580,000. The ovens originally cost $778,000, had an estimated service life of 10 years, had an estimated residual value of $48,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery. Problem 7-8A Part 1...
Required Information [The following information applies to the questions displayed below.] New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $530,000. The ovens originally cost $723.000, had an estimated service life of 10 years, had an estimated residual value of $43.000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery Required: 1. Calculate the balance in the accumulated depreciation account at the...
3 Exercises instructions I help Question 5 (of 7) Save & Exit Submit value: 1.00 points The following information is available for Pioneer Company: • Sales price per unit is $130. • November and December, sales were budgeted at 3,040 and 3,450 units, respectively. • Variable costs are 10 percent of sales (4 percent commission, 3 percent advertising, 3 percent shipping). • Fixed costs per month are sales salaries, $5,400; office salaries, $2,500; depreciation, $2,800; building rent, $3,200; insurance, $1,600;...
Please answer
Chapter 3 Homework instructions Ihelp Question 9(af 10) Save & Ex Submit 1.00 points Moslert Music Cormpany had the folowing transecions in March: a. Sokd music leesons to cuslomers for $13,350, received 58,350 in cash end the rest on account b. Paid S800 in wages fer the month. RnoaNad a S370 bill for utilties that will be pad įn Apri. d. Recelvad $4,200 from customers as deposits on music lessons to be givan in Apri 1. Basnd on...
Most questions answered within 3 hours.
-
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 1 hour ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 1 hour ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 1 hour ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 2 hours ago -
A space vehicle is coasting at a constant velocity of 18.1 m/s
in the +y direction...
asked 3 hours ago -
5) Use the following balanced equation to answer questions
(a)-(i).
3 Cu(s) + 8 HNO3(aq) →...
asked 2 hours ago -
A three-year maturity bond with a 12% annual coupon rate is
currently traded at par $1000...
asked 3 hours ago -
1.
What is the minimum volume to use in the Spec 20 cuvette in order
to...
asked 3 hours ago -
A builder wants to install wall-to-wall carpeting in a living
room of length 8.87 m and...
asked 3 hours ago -
Organizational change can produce anxiety in those affected by
the change. In what ways can change...
asked 3 hours ago -
Ozone in the atmosphere may react with nitric oxide.
From the following data, calculate the DG...
asked 3 hours ago -
Steven Long, a bond analyst, is analyzing a convertible bond.
The characteristics of the bond are...
asked 3 hours ago