Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 01, 2024

An entity acquired an equipment on 1 July 2014 for 100.000. The asset had an expected useful life 10 years and residual value of 20.000.

An entity acquired an equipment on 1 July 2014 for 100.000. The asset had an expected useful life 10 years and residual value of 20.000. On 1 January 2020, the entity sold the asset for 81.000. What is the book value as of 31 December 2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Fundamentals Of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby

1st Edition

0072992573, 9780072992571

More Books

Students also viewed these Accounting questions

Question

★★★★★

The account balances of Wilson Towing Service at June 30, 2012, follow: Requirements 1. Prepare the balance sheet of the business at June 30, 2012. 2. What does the balance sheet reportfinancial...

Answered: 1 week ago

Question

★★★★★

The probability of no more than 20 people who want to see Roe v. Wade overturned A discrete random variable is given. Assume the probability of the random variable will be approximated using the...

Answered: 1 week ago

Question

★★★★★

Summarize the findings of psychotherapy effectiveness studies.

Answered: 1 week ago

Question

★★★★★

What amount did Apple report as Other comprehensive earnings in its consolidated statement of comprehensive income ending September 30, 2017? By what percentage did Apples Comprehensive income diff...

Answered: 1 week ago

Question

★★★★★

A function contains the statements that make up the function.

Answered: 1 week ago

Question

★★★★★

QUESTION 34 A loss incurred on the sale of a personal residence is not deductible. True O False

Answered: 1 week ago

Question

★★★★★

4) E-Mart Stores uses people and computerized scanners to add arriving shipments into its inventory and to deduct units sold from its inventory. E-Mart's production function is Q = KL, where Q...

Answered: 1 week ago

Question

★★★★★

A client would like to quit smoking, so the therapist suggests hypnosis. The client undergoes hypnosis and finds that it does help. Which state of consciousness was the client in during the hypnosis?...

Answered: 1 week ago

Question

★★★★★

A lottery system has balls numbered 1 to 55 and randomly selects 7 of the lottery balls. There is only one prize of $7,900,000.00 which is awarded only if a lottery player selects the correct set of...

Answered: 1 week ago

Question

★★★★★

1.114 Goldilocks Effect: Read to Your Kids! (Part 2) Exercise 1.13 introduces a study in which 27 four-year-old children are presented with stories three different ways: audio only, illustrated, and...

Answered: 1 week ago

Question

★★★★★

Jeanette is conducting an experimental study of memory. She has recruited a sample of A-Level students and given them a word-learning task. They first do the task while music is playing and then in...

Answered: 1 week ago

Question

★★★★★

=+1. What does Klingner observe about changes in societal and governmental values, and how might these lead to changes in how HRM is implemented in either public or nonprofit organizations?

Answered: 1 week ago

Question

★★★★★

=+3. Based on your reading of this textbook, what areas within social media would you like to specialize in? This can be a designated role or a particular industry. Outline five steps you will take...

Answered: 1 week ago

Question

★★★★★

=+ Outline three tips while listing three things you will do as the students mentor to pay it forward to the future generation of social media professionals.

Answered: 1 week ago

Previous Question Next Question