Carla Vista Company owns equipment that cost $74,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an
estimated salvage value of $14,000 and an estimated useful life of 5 years.
Prepare Carla Vista Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.)
(a) Sold for $40,000 on January 1, 2022
(b) Sold for $40,000 on May 1, 2022
(c) Sold for $23,000 on January 1, 2022.
(d) Sold for $23,000 on October 1, 2022
Answers: 1
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Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?
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Carla Vista Company owns equipment that cost $74,000 when purchased on January 1, 2019. It has been...
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