20,000
Using the double declining balance method, how much is: (Enter only whole dollar values.)
1. the 2019 depreciation expense
2. the accumulate depreciation after the fiscal year 2019 adjusting entry
3. the book value of the truck after the fiscal year 2019 adjusting entry
Question 7 (6 points)
Bravo Company purchased a truck on October 1, 2016. Bravo paid $10,000 for the truck in addition to $500 registration & sales taxes. The truck is expected to have a $2,000 residual value and a 5-year life. Bravo has a December 31 fiscal year end. Using the double-declining balance method, how much is: (Enter only whole dollar values.)
- the 2019 depreciation expense
- the accumulate depreciation after the fiscal year 2019 adjusting entry
- the book value of the truck after the fiscal year 2019 adjusting entry
Question 8 (6 points)
On January 1, 2016, Alpha Company purchased equipment for $17,000 with an estimated 10-year life and no salvage value. It was determined that the straight-line method of depreciation would be used. Alpha has a December 31 fiscal year end. During 2020, Alpha determined that the useful life for this equipment should be only 7 years. Using this information, how much is: (Enter only whole dollar values.)
- the 2020 depreciation expense
- the accumulate depreciation after the fiscal year 2020 adjusting entry
- the book value of the truck after the fiscal year 2020 adjusting entry
Question 9 (4 points)
On July 1, 2016, Alpha Company negotiated the purchase of a new piece of equipment with the seller Zulu Company. The equipment was list for $200,000. Smooth talking Alpha was able to negotiate the purchase price and acquired the equipment at $175,000. Alpha Company completed the purchase transaction on July 1. Additionally, Alpha was entitled to a 1% discount if it paid for the equipment within 10 days. After completing the purchase, Bravo Company, third party, offered Alpha, $185,000 for this equipment. What amount should Alpha Company record the equipment purchase at if payment is made by July 11?
Question 9 options:
Question 10 (6 points)
On June 30, 2016, after adjusting entries were posted, Alpha Company sold a machine. The historical cost was $11,000 and the book value was $2,500. It was sold for $1,100 cash. Using this information, how much should be recorded on June 30 for the following accounts:
- Accumulated Depreciation, Machine
- Gain or (Loss) on Sale (Enter any loss amount with $ sign inside of brackets)
- Machine
Question 11 (6 points)
On July 1, 2016, Alpha Company exchanged an old computer (Equipment) with a historical cost of $1,000 that had accumulated depreciation of $600 after all June adjusting entries had been processed. The exchange was for a new computer having a fair value of $500. The transaction has commercial substance. Using this information, how much should be recorded on July 1 for the following accounts:
- Accumulated Depreciation, Equipment
- Gain or (Loss) on Sale (Enter any loss amount with $ sign inside of brackets)
- Equipment – New
Question 12 (6 points)
Alpha Mining Company recognizes $2 of depletion for each ton of ore mined. During 2016, 750,000 tons of ore were mined and 700,000 tons were sold. Using this information, how much should be recorded for FY 2016 for the following accounts:
- Accumulated Depletion
- Inventory
- Cost of Goods Sold
Question 13 (4 points)
Alpha Company was recently sold for $1,500,000. Alpha assets & liabilities consisted of the following:
Item
Amount
Cash
$125,000
Inventory
$250,000
Property, Plant & Equipment (net)
$600,000
Accounts Payable
$210,000
Using this information, how much should be recorded as Goodwill for this transaction?
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I Am Lost This Week On My Homework Can You Please Help Me
/in Uncategorized /by developer20,000
Using the double declining balance method, how much is: (Enter only whole dollar values.)
1. the 2019 depreciation expense
2. the accumulate depreciation after the fiscal year 2019 adjusting entry
3. the book value of the truck after the fiscal year 2019 adjusting entry
Question 7 (6 points)
Bravo Company purchased a truck on October 1, 2016. Bravo paid $10,000 for the truck in addition to $500 registration & sales taxes. The truck is expected to have a $2,000 residual value and a 5-year life. Bravo has a December 31 fiscal year end. Using the double-declining balance method, how much is: (Enter only whole dollar values.)
Question 8 (6 points)
On January 1, 2016, Alpha Company purchased equipment for $17,000 with an estimated 10-year life and no salvage value. It was determined that the straight-line method of depreciation would be used. Alpha has a December 31 fiscal year end. During 2020, Alpha determined that the useful life for this equipment should be only 7 years. Using this information, how much is: (Enter only whole dollar values.)
Question 9 (4 points)
On July 1, 2016, Alpha Company negotiated the purchase of a new piece of equipment with the seller Zulu Company. The equipment was list for $200,000. Smooth talking Alpha was able to negotiate the purchase price and acquired the equipment at $175,000. Alpha Company completed the purchase transaction on July 1. Additionally, Alpha was entitled to a 1% discount if it paid for the equipment within 10 days. After completing the purchase, Bravo Company, third party, offered Alpha, $185,000 for this equipment. What amount should Alpha Company record the equipment purchase at if payment is made by July 11?
Question 9 options:
Question 10 (6 points)
On June 30, 2016, after adjusting entries were posted, Alpha Company sold a machine. The historical cost was $11,000 and the book value was $2,500. It was sold for $1,100 cash. Using this information, how much should be recorded on June 30 for the following accounts:
Question 11 (6 points)
On July 1, 2016, Alpha Company exchanged an old computer (Equipment) with a historical cost of $1,000 that had accumulated depreciation of $600 after all June adjusting entries had been processed. The exchange was for a new computer having a fair value of $500. The transaction has commercial substance. Using this information, how much should be recorded on July 1 for the following accounts:
Question 12 (6 points)
Alpha Mining Company recognizes $2 of depletion for each ton of ore mined. During 2016, 750,000 tons of ore were mined and 700,000 tons were sold. Using this information, how much should be recorded for FY 2016 for the following accounts:
Question 13 (4 points)
Alpha Company was recently sold for $1,500,000. Alpha assets & liabilities consisted of the following:
Item
Amount
Cash
$125,000
Inventory
$250,000
Property, Plant & Equipment (net)
$600,000
Accounts Payable
$210,000
Using this information, how much should be recorded as Goodwill for this transaction?
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I Am Lost With This Question Please Show How You Would Work This Out I Get Lost
/in Uncategorized /by developerPlease help with business analysis 2372 homework. I am lost with this question. Please show how you would work this out. I get lost with that many numbers.
The following data on the weekly online gaming time (in hours) of a sample of college students is as follows:
5, 11, 25, 19, 18, 20, 27, 13, 8, 10, 15, 19, 18, 9, and 12.
Compute the sample mean to one decimal place.
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I Am Making A Reversi Game Where 2 Algorithms Play Against Each Other So Far I H
/in Uncategorized /by developerI am making a Reversi game where 2 algorithms play against each other. So far I have a code where a player plays against an algorithm but I need there to be 2 algorithms.
In my code a board is printed out but I don’t actually need that.
Example of input:
4,4
Example of output:
size = 4 (r=row, c=column)
r0c1 alg1 , r1c1
r0c0 alg2 , r1c1
r1c0 alg1 , r1c1
r2c0 alg2 , r1c0 r2c1
r3c1 alg1 , r2c2
r2c3 alg2 , r2c2
r3c2 alg1 , r2c2
r0c3 alg2 , r1c2
r1c3 alg1 , r1c2 r2c3
r0c2 alg2 , r0c1 r1c1
r3c0 alg1 , r2c1
r3c1 alg2 , r2c1
alg1 = 7
alg2 = 9
win = alg2
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I Am Matching The People Places And Terms With Their Description For Geology 110
/in Uncategorized /by developerI am matching the people places and terms with their description for Geology 110.
The people, places, and
terms are
Ivan the Terrible, Ostrog, Peter the Great, V.I. Lenin, Catherine the Great, Tundra, Tatars, Forward Capital, Kazakhstan, Inward Capital, Urals, Russification, Chechens/Chechnya, Sovkhoz, Vladivostok, Georgia, Armenia, Taiga, Sakhalin, and Cossaks
The descriptions are:
A: Ukrainian pioneers who helped russia expand eastward
B: Moscow, deep in the forest, is an example
C: An island in the Far East (The Pacific Ocean) laden with oil, gas and earthquakes
D: The first Christian Kingdom, landlocked and squeezed by Russians, Turks, and more.
E: Name for the soviet era grain and meat factories that replaced tradition farms.
F: Expanded Russia’s territories to the south and west at the expense of the Ottomans
G: The architect of Russian communism, died the year the USSR was born
H: Russia’s Transition Zone in Central Asia is located in this country
I: Under him, Russia vecame a major military power and began its imperial conquests
J: Petersburg, window to the west, is an example
K: Name for the Mongol allied hordes that conquered the first RussesL: THe colonial policy that moved, expelled, assimilated or exterminated minorities.
M: Made Russia face the West, built a new capital city, the tall founder of modern Russia
N: The name of the mountians that are the “real” divide between Europe and Asia
O: Long oppressed Muslims in Russia’s internal periphery who’ve restored to terrosrism
P: Caucasus county Russia hassles the most
Q: Treeless plains of the arctic
R: Snowy Forests
S: Fort of frontier waystation
T: “We own the East”
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I Am Mohamed 29 Egyptian I Graduated From Faculty Of Law Bachelor Degree 55 And
/in Uncategorized /by developerI am Mohamed 29, Egyptian, i graduated from faculty of law ( Bachelor Degree 55%) and my high school degree was 85% .
i have been working in HR departments for 3 years. and have been taking courses in English for 11 years or more.
But i really need to study abroad and hope i can find Scholarship for my study in ( MBA or any bachelor degree )
My level is around 6 in ielts exam.
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I Am Mostly Not Sure How To Calculate Average Invested Capital Is It Investment
/in Uncategorized /by developerANE HUDSON is the CEO of ISS Australia, a company that prsecurity, catering and maintenance. Hudson says ISS does not outsourquality staff who deliver innovative solutions and quality serviccontractors. Staff are permanent employees. They receive inductiassistance and are encouraged to pursue a career in the company.people across Australia to work in facilities as diverse amsettings. A downturn in the mining sector and theservices returned that total to 15 000 en-our people are more committed .has four key values thatspends time tall .the conQuestion 8(13 marks)Billings Company is a decentralised wholesaler with two autonomous divisions. The divisions areevaluated on the basis of return on investment (ROI), with year-end bonuses given to the divisionalmanagers who have the highest ROIs. Operating results for the company’s two divisions – X and Yfor the most recent year are given below:op eubraz142000Division XDivision YSales$ 10,500,000$ 458,000Cost of goods sold6,000,000316,000Operating expenses3,200,00058,000Invested capital at the beginning of the year3,000,0001,200,000Invested capital at the end of the year5,000,0002,000,000The company had an overall ROI of 15% last year. The company is considering an expansion projectin the upcoming year. The project would be implemented by one of the two divisions. The followingdata relate to the project:Expansion projectSales$ 2,000,000Cost of goods sold1,200,000Operating expenses640,000Invested capital1,000,000Required:ECalculate the current ROI of the two divisions. Show your calculations.(3 marks)ROT = Profit Before taxAve invested cap.X
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I Am Need Of A One Page Double Spaced Journal About An Art Group Based In Japan
/in Uncategorized /by developerI am need of a one page double spaced journal about an art group based in Japan know as TeamLab. Please view the attachment to complete! This assignment is due in 3 hours!
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I Am Needing Some Help With An Assignment For Krispy Kreme Describe Your Target
/in Uncategorized /by developerI am needing some help with an assignment for Krispy Kreme.
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I Am Needing The Below Information Completed You Are To Submit An Approximate On
/in Uncategorized /by developer2-3 potential references
You will be developing a research proposal. Your design and method for this research proposal is by using a job satisfaction employment survey of 20 participants at your work site.
Hypothesis: Trust in the organization will be positively related to job satisfaction.
Running head: TRUST IN ORGANIZATION IN RELATION TO JOB SATISFACTION 1 TitleYour NameCourse TitleInstructorDate Research proposal 2Introduction The purpose of conducting this study is to…
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I Am New To Course Hero As This Is My First Question To A Tutor How Do You Get T
/in Uncategorized /by developerI am new to course hero, as this is my first question to a tutor…How do you get the time fractions? for instance in the #3. question, the time is 33/360. Why is that? Im understanding the principal and rate. Also, What is the total through maturity?
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