subject
Business, 22.05.2020 05:11 kkkhomewirk

Presented below is information related to equipment owned by Porto Company on December 31, 2017. Cost $5,600,000 Accumulated depreciation to date 640,000 Expected future net cash flows 4,000,000 Fair value 2,720,000 Assume that Porto will continue to use this asset in the future. As of December 31, 2017, the equipment has a remaining useful life of 4 years. Fill the missing amounts and choose the correct option. For Porto company, the recoverability test compares $ 4960000 to $ 4000000. As a result, the asset the recoverability test, because is/are less than so a on impairment is recorded in 2017. Prepare the journal entry to record depreciation expense for 2018.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 02:30
You have learned that there are many ethical concerns surrounding genetic research, and it's important to be familiar with them. for this project, you will write a persuasive essay about an ethical question in biotechnology. directions the goal of a persuasive essay is to convince people to agree with you. it is important to support your opinion with facts. a persuasive essay is not simply a description of your beliefs. be sure to organize your information, give clear examples, and build your argument carefully. read the following genetics topics below. choose a topic and then decide what side you are on. remember that there is no "right" or "wrong" side. ethical questions often have many points of view. research your topic and write a 400 word persuasive essay. topic 1: should insurance companies have the right to learn the genetic profiles of the people they insure? topic 2: should employers have the right to learn the genetic profiles of the people they hire? are there special considerations for employees in jobs in which there is a high risk to others, such as airline pilots, doctors, or bus drivers? topic 3: should scientists who identify genes and create new genetic engineering techniques have the right to patent their methods for their own profit?
Answers: 1
question
Business, 22.06.2019 21:30
An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?
Answers: 1
question
Business, 23.06.2019 01:00
Lycan, inc., has 7.5 percent coupon bonds on the market that have 8 years left to maturity. the bonds make annual payments and have a par value of $1,000. if the ytm on these bonds is 9.5 percent, what is the current bond price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) current bond price
Answers: 2
question
Business, 23.06.2019 14:20
Marc recently went to his bank's website to check the payment due date on his loan. this is considered to be what type of electronic banking service?
Answers: 2
You know the right answer?
Presented below is information related to equipment owned by Porto Company on December 31, 2017. Cos...
Questions
question
Mathematics, 23.11.2020 14:00
question
English, 23.11.2020 14:00
question
History, 23.11.2020 14:00
question
Mathematics, 23.11.2020 14:00
question
Business, 23.11.2020 14:00
question
SAT, 23.11.2020 14:00
question
Geography, 23.11.2020 14:00
Questions on the website: 13722362