FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

21. on January 1, 2008 an asset was acquired for ALD 30.000. Its userul life was expected to be 10 years and the salvage value

image text in transcribed
21. on January 1, 2008 an asset was acquired for ALD 30.000. Its userul life was expected to be 10 years and the salvage value is expected to be AED O. After four years of use, the company sold the asset for AED 175.000. What entries are required upon the disposal of the asset

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting International

Management Accounting International

Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young

4th Edition

0131230263, 978-0131230262

More Books

Students also viewed these Accounting questions

Question

★★★★★
Do you believe that a person's stage of moral development and personal moral philosophy play a role in how values and actions are shaped in the workplace? Explain.

Answered: 1 week ago

Question

★★★★★
Multiply, and then simplify each product. Assume that all variables represent positive real numbers. (8-2)(8+ 2)

Answered: 1 week ago

Question

★★★★★
What courses does he/she teach?

Answered: 1 week ago

Question

★★★★★
Healthy Potions, Inc., is considering investing in a new production line for eye drops. Other than investing in the equipment, the company needs to increase its cash and cash equivalents by $10,000,...

Answered: 1 week ago

Question

★★★★★
to pair up colums Sarong 2 ||||||||||||| 38 points 17 Extraordinary repairs A Recorded only if it can (Extraordinary repairs) 18 Depletion Expense B Depreciation expense progressively decreases from...

Answered: 1 week ago

Question

★★★★★
Exercise 24-9 Computing net present value LO P3 B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost...

Answered: 1 week ago

Question

★★★★★
Humans, especially children, have an amazing capability to learn language. Within the first year of life, children will have learned many of the necessary concepts to have functional language,...

Answered: 1 week ago

Question

★★★★★
Martina was geared up for a long day on the bike trail and began her day with a balanced breakfast. Although she brought plenty of water with her, she was also able to stay hydrated because her...

Answered: 1 week ago

Question

★★★★★
Eight-year-old Rubio does not play with his classmates, and when he does have to interact with them he tends to get frustrated and doesn't understand how to interact with them. Even at home, Rubio...

Answered: 1 week ago

Question

★★★★★
People disagree regarding the extent to which we should be anxious and fearful of how new technologies will affect our society.What are the potential ramifications of being constantly connected to...

Answered: 1 week ago

Question

★★★★★
When planning instruction, a teacher must integrate curriculum and instructional strategies that students can relate to on a personal level. Consider the community in which you plan to teach....

Answered: 1 week ago

Question

★★★★★
What are the main differences between labor market conditions in Romania and your own home country? How do these conditions influence HRM practices?

Answered: 1 week ago

Question

★★★★★
How did the HRM function evolve within Fomco Group since its establishment?

Answered: 1 week ago

Question

★★★★★
Understand that workplace integration is a common task of line managers and HRM personnel, and it is crucial for employee retention

Answered: 1 week ago

Previous Question Next Question