Business, 16.03.2020 19:00 alsk101

Colorado Consulting Company has been using the sum-of-the-years'-digits depreciation method to depreciate some office equipment that was acquired at the beginning of 2016. At the beginning of 2018, Colorado Consulting decided to change to the straight-line method. The equipment cost $120,000 and is expected to have no salvage value. The estimated useful life of the equipment is five years. Ignore income taxes. Required: 1. Prepare the appropriate journal entry, if any, to record the accounting change under GAAP. 2. Prepare the journal entry to record depreciation for 2018.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 06:00

Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection

Answers: 1

Answer

Business, 22.06.2019 19:00

Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is

Answers: 2

Answer

Business, 23.06.2019 21:50

Michigan co. is currently paying a dividend of $2.00 per share. the dividends are expected to grow at 20% per year for the next four years and then grow 6% per year thereafter. calculate the expected dividend in year 5.

Answers: 1

Answer

Business, 24.06.2019 00:30

Bette backs out of city parking garage, colliding with dill's car. dill may recover $7,500 to cover the cost of the repairs if bette failed to act as

Answers: 2

Answer

You know the right answer?

Colorado Consulting Company has been using the sum-of-the-years'-digits depreciation method to depre...

Questions