WebRequired information. Problem 8-6A Disposal of plant assets LO C1, P1, P2. Onslow Co. purchased a used machine for $240,000 cash on January 2. On January 3, Onslow paid $8,000 to wire electricity to the machine and an additional $1,600 to secure it in place. The machine will be used for six years and have a $28,800 salvage value. WebDec 6, 2024 · exercise 8-2 (algo) recording costs of assets lo c1 cala manufacturing purchases land for $327,000 as part of its plans to build a new plant. the company pays $26,800 to tear down an old building on the lot and $39,617 to fill and level the lot. it also pays construction costs of $1,661,800 for the new building and $104,898 for lighting and …
Solved Exercise 8-2 (Algo) Recording costs of assets LO C1
WebProblem 8-5A Computing and revising depreclation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 1 Paid $20, 515 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and $2,150 salvage value. WebAnswer to Solved Exercise 10-2 Recording costs of assets LO C1 Cala. Business; Accounting; Accounting questions and answers sa of circle formula
Solved Exercise 8-1 (Algo) Cost of plant assets LO C1 Rizio - Chegg
WebExercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $238,000 for the lot plus $133,000 for the old building. The company pays $29,500 to tear down the old building and $43,609 to fill and level the lot. WebExercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases land for $461,000 as part of its plans to build a new plant. The company pays $41,400 to tear down an old building on the lot and … WebPrepare journal entries to record the machine’s disposal under each of the following separate assumptions: Record the sale of the used machine for $15,000 cash. Record the sale of the used machine for $50,000 cash. Record the insurance settlement received of $30,000 resulting from the total destruction of the machine in a fire. short speech on abraham lincoln