Recorded $200 of depreciation expense.
(a) Sold land that had originally cost $10,000 for $14,000 in cash.
(b) Acquired a new machine under a financing lease. The present value of future lease payments, discounted at 11%, was $11,000.
(c) Recorded the first annual payment of $2,000 for the leased machine (in part c).
(d) Recorded a $5,000 payment for the cost of developing and registering a trademark.
(e) Recognized periodic amortization for the trademark (in part e) using a 50-year useful life.
(f) Sold used production equipment for $17,000 in cash. The equipment originally cost $45,000, and the accumulated depreciation account has an unadjusted balance of $23,900. It was determined that a $1,300 year-to-date depreciation entry must be recorded before the sale transaction can be recorded.

Record the adjustment and the sale.

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce 32 million pairs per month, and the country that produces corn will produce 32 million bushels per month.

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.