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6:31 X BUSI 1043 Final Exam Questions - Vers... Lululemon purchased a new plant for their...
6:31 X BUSI 1043 Final Exam Questions - Vers... Lululemon purchased a new plant for their shoes production division on July 1, 2019. Lululemon paid $5,000,000 for the production plant. It is a package purchase, which includes land. building and equipment. Currently, the land can be sold at $2,000,000, the building at 2,500,000 and the equipment at $1,000,000 in the market. The equipment has an estimated salvage of $20,000 and an expected useful life of 8 years or 500,000 units....
1. Lululemon purchased a new plant for their shoes production division on July 1, 2019. Lululemon...
1. Lululemon purchased a new plant for their shoes production division on July 1, 2019. Lululemon paid $5,000,000 for the production plant. It is a package purchase, which includes land, building and equipment. Currently, the land can be sold at $2,000,000, the building at 2,500,000 and the equipment at $1,000,000 in the market. The equipment has an estimated salvage of $20,000 and an expected useful life of 8 years or 500,000 units. (30 marks) (Long Term Assets) Required: a. Prepare...
please help i have an exam on this tomorrow. can someone explain the circled area. like...
please help i have an exam on this tomorrow. can
someone explain the circled area. like how were the values computed
under the trial balance.
given info:
help on green circled area:
where did 2 million revenue and 1 million expense come
from under the tax column?
Debit Credit Cash 108,000,000 Common Stock Paid in Capital Excess of Par Value Preferred Stock Retained Earnings PIC Share Repurchase 10,000,000 90,000,000 4,000,000 2,000,000 2,000,000 Land 100,000 Cash 100,000 Cash 2,000,000 Fees Earned...
Re-posting for the 3rd time...this is one question...can someone please help? Thank you. Reposting this question...
Re-posting for the 3rd time...this is one question...can someone
please help? Thank you.
Reposting this question for a 2nd time...please help!
Question: Hello, Can you please help with this question
and give an explanation for the correct answer?&nbs...
Hello,
Can you please help with this question and give an explanation
for the correct answer? Thank you.
At December 31, 2020, Cord Company's plant asset and accumulated
depreciation and amortization accounts had balances as follows:
Category
Plant Asset
Accumulated Depreciation
and...
This is all the information that has been provided to me to complete this question. Please help
This is all the information that has been provided to me to
complete this question. Please help
t Landscapes by Design purchased land with an office building, equipment shed, abandoned warehouse, pond with a foot bridge, parking lot and lighting for a lump-sum cost of $1,750,000. A downpayment of $495,000 was paid in cash with the balance on a long-term mortgage. The appraised values are as follows Land Pond and foot bridge Parking lot and ighting Office building Equipment shed...
I have asked for help regarding this problem over four times. Can someone please help with...
I have asked for help regarding this problem over four times. Can someone please help with this question and provide the explanation for the correct answer. The incorrect answers are in bold. Thanks The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2019. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on...
Can I have the answers from 1-6 as soon as possible. Thanks I already have the...
Can I have the answers from 1-6 as soon as possible.
Thanks
I already have the answer for 1&2 ; 3-6 will be
most helpful
I already send 1 and 2 . I need all part to be
completed. thanks
I have sent the whole questions so can you please
answer the whole problem clearly. Thanks
Hudson Company manufactures women's shoes. It uses a job costing system that allocates factory overhead on the basis of machine-hours. Budgeted factory overhead for...
Venezuela Co. is building a new hockey arena at a cost of $2,500,000. It received a...
Venezuela Co. is building a new hockey arena at a cost of
$2,500,000. It received a downpayment of $500,000 from local
businesses to support the project, and now needs to borrow
$2,000,000 to complete the project. It therefore decides to issue
$2,000,000 of 10.5%, 10-year bonds. These bonds were issued on
January 1, 2019, and pay interest annually on each January 1. The
bonds yield 10%.
List Of Accounts
Accumulated Depreciation-Equipment
Accumulated Depreciation-Machinery
Accumulated Depreciation-Plant and Equipment
Allowance for Doubtful...
July Nelson Lewis provides freight service in Missouri, Kansas, and Illinois. The company's balance sheet includes...
July Nelson Lewis provides freight service in Missouri, Kansas, and Illinois. The company's balance sheet includes Land, Buildings and Motor-Carrier Equipment. Lewis has a separate accumulated depreciation account for each depreciable asset. During 20X7 Lewis completed the following transactions: January 1 Traded in motor-carrier equipment with accumulated depreciation of $90,000 (cost of $130,000) for similar new equipment with a cash cost of 5176,000. Lewis received a trade-in allowance of $70,000 on the equipment and paid the remainder in cash Sold...
# need answer as soon as possible. please Dollarama Inc. completed the following transactions during November...
# need answer as soon as possible. please Dollarama Inc. completed the following transactions during November 2019, its first month of operations: Nov. 1 Received $25,000, and issued common shares. Nov. 5 Purchased $800 of office supplies on account. Nov. 6 Paid $20,000 cash for land to use as a building site. Nov. 10 Performed service for customers, and received cash of $5,000. Nov. 15 Paid $100 on accounts payable. Nov. 18 Performed service for Waterloo School Board on account...
6:31 X BUSI 1043 Final Exam Questions - Vers... Lululemon purchased a new plant for their shoes production division on July 1, 2019. Lululemon paid $5,000,000 for the production plant. It is a package purchase, which includes land. building and equipment. Currently, the land can be sold at $2,000,000, the building at 2,500,000 and the equipment at $1,000,000 in the market. The equipment has an estimated salvage of $20,000 and an expected useful life of 8 years or 500,000 units....
1. Lululemon purchased a new plant for their shoes production division on July 1, 2019. Lululemon paid $5,000,000 for the production plant. It is a package purchase, which includes land, building and equipment. Currently, the land can be sold at $2,000,000, the building at 2,500,000 and the equipment at $1,000,000 in the market. The equipment has an estimated salvage of $20,000 and an expected useful life of 8 years or 500,000 units. (30 marks) (Long Term Assets) Required: a. Prepare...
please help i have an exam on this tomorrow. can
someone explain the circled area. like how were the values computed
under the trial balance.
given info:
help on green circled area:
where did 2 million revenue and 1 million expense come
from under the tax column?
Debit Credit Cash 108,000,000 Common Stock Paid in Capital Excess of Par Value Preferred Stock Retained Earnings PIC Share Repurchase 10,000,000 90,000,000 4,000,000 2,000,000 2,000,000 Land 100,000 Cash 100,000 Cash 2,000,000 Fees Earned...
Re-posting for the 3rd time...this is one question...can someone
please help? Thank you.
Reposting this question for a 2nd time...please help!
Question: Hello, Can you please help with this question
and give an explanation for the correct answer?&nbs...
Hello,
Can you please help with this question and give an explanation
for the correct answer? Thank you.
At December 31, 2020, Cord Company's plant asset and accumulated
depreciation and amortization accounts had balances as follows:
Category
Plant Asset
Accumulated Depreciation
and...
This is all the information that has been provided to me to
complete this question. Please help
t Landscapes by Design purchased land with an office building, equipment shed, abandoned warehouse, pond with a foot bridge, parking lot and lighting for a lump-sum cost of $1,750,000. A downpayment of $495,000 was paid in cash with the balance on a long-term mortgage. The appraised values are as follows Land Pond and foot bridge Parking lot and ighting Office building Equipment shed...
Can I have the answers from 1-6 as soon as possible.
Thanks
I already have the answer for 1&2 ; 3-6 will be
most helpful
I already send 1 and 2 . I need all part to be
completed. thanks
I have sent the whole questions so can you please
answer the whole problem clearly. Thanks
Hudson Company manufactures women's shoes. It uses a job costing system that allocates factory overhead on the basis of machine-hours. Budgeted factory overhead for...
Venezuela Co. is building a new hockey arena at a cost of
$2,500,000. It received a downpayment of $500,000 from local
businesses to support the project, and now needs to borrow
$2,000,000 to complete the project. It therefore decides to issue
$2,000,000 of 10.5%, 10-year bonds. These bonds were issued on
January 1, 2019, and pay interest annually on each January 1. The
bonds yield 10%.
List Of Accounts
Accumulated Depreciation-Equipment
Accumulated Depreciation-Machinery
Accumulated Depreciation-Plant and Equipment
Allowance for Doubtful...
July Nelson Lewis provides freight service in Missouri, Kansas, and Illinois. The company's balance sheet includes Land, Buildings and Motor-Carrier Equipment. Lewis has a separate accumulated depreciation account for each depreciable asset. During 20X7 Lewis completed the following transactions: January 1 Traded in motor-carrier equipment with accumulated depreciation of $90,000 (cost of $130,000) for similar new equipment with a cash cost of 5176,000. Lewis received a trade-in allowance of $70,000 on the equipment and paid the remainder in cash Sold...
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