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: 2
Business, 22.06.2019 01:30
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Business, 22.06.2019 11:40
If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.
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Business, 22.06.2019 19:50
At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)
Answers: 2
Carla Vista Company owns equipment that cost $74,000 when purchased on January 1, 2019. It has been...
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