subject
Business, 19.05.2020 17:01 humpty21

Pharoah Company purchased equipment in 2020 for $270,400 and estimated an $20,800 salvage value at the end of the equipment's 10-year useful life. At December 31, 2021, there was $174,720 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2022, the equipment was sold for $54,600. Prepare the appropriate journal entries to remove the equipment from the books of Pharoah Company on March 31, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 12:30
M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.
Answers: 1
question
Business, 23.06.2019 00:30
You get your monthly banking statement and notice that the number is lower than expected. you decide that you should create a cash flow statement. why are cash flow statements useful in managing money? what are the steps in creating a statement?
Answers: 1
question
Business, 24.06.2019 07:00
e) what percentage of customers rated their dining experience as either excellent or good?
Answers: 2
question
Business, 24.06.2019 07:00
Which of these will not cause an increase in aggregate demand
Answers: 2
You know the right answer?
Pharoah Company purchased equipment in 2020 for $270,400 and estimated an $20,800 salvage value at t...
Questions
Questions on the website: 13722367