Career Services, Incorporated sold some office equipment for $52,000 on December 31, 2015. The journal entry to record the sale would include which of the following if the original cost of the equipment was $80,000 with a residual value of $5,000 and a useful life of 10 years? Assume the machine was purchased on January 1, 2012 and depreciated using the straight-line method.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Career Services, Incorporated sold some office equipment for $52,000 on December 31, 2015. The journal entry to record the sale would ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Madison Corporation's production cycle starts in the Processing Department. The following information is available for April: Units Work-in-process, April 1 (25% complete) 40,000 Total units in process during April 280,000 Work-in-process, April 30
Answers (1)
Otool Inc. is considering using stocks of an old raw material in a special project. The special project would require all 150 kilograms of the raw material that are in stock and that originally cost the company $2,236 in total.
Answers (1)
What is the net present value of a project that has an initial cost of $40,000 and produces cash inflows of $8,000 a year for 11 years if the discount rate is 15 percent?
Answers (1)
An ad hoc committee has been created to decide if the launch for a new product should be continued as scheduled or delayed. The committee members are comprised of diverse decision-makers.
Answers (1)
Money serves as a store of value because you can Question 4 options: A) save it B) receive wages C) spend it D) compare prices
Answers (1)
New Questions in Business
1. The closing entry for the Loss on Plant Assets account includes a debit to (A) Retained Earnings. (B) Income Summary. (C) Loss on Plant Assets. (D) Gain on Plant Assets.
Answers (1)
An employee earns $2,000.00 per month in gross pay, but pays $104.36 for health insurance, 9% in federal taxes, for state taxes, and 2% for local taxes. What is the employee's net pay?
Answers (1)
The board of directors for tundrapro, inc., is searching for a new ceo. the firm is in need of new direction after suffering several years of declining performance and increasingly demoralized management and employees.
Answers (1)
During the year, a company had the cash flows listed below. What was the total net cash flow for the year?
Answers (1)
The following transactions occurred during the first year of operations for Cougar Corp. for each transaction prepare the year-end adjusting journal entry. Note: these ARE adjusting entries. a. Cougar Corp.
Answers (1)