Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

happy hen calculates depreciation using the straight line method. assuming the average life of all of happy hens assets is 10 years, what was the

image text in transcribedhappy hen calculates depreciation using the straight line method. assuming the average life of all of happy hens assets is 10 years, what was the average age of the PPE disposed of in 2012?

Question 2. Happy Hern The Happy Hen Company is a leader in the poultry market. It produces and markets fresh and frozen commodity chicken. Its frozen products are known for their value and healthful qualities Happy Hen's balance sheet for the fiscal year ended on December 31, 2012 and 2011 disclosed the following: 2012 $1,676,978 515,026 $1,161,952 2011 $1,498,268 427.152 Property plant and equipment (at cost) Less Accumulated depreciation $1,071,116 In the income statement for 2012 Happy Hen disclosed the following: Depreciation expense $ 106,630 In the cash flow statement for 2012, under Cash Flow from Investing Activities, Happy Hen provided the following information: Additions to property, plant and equipment Proceeds from dispositions of property, plant and equipment (213,576) $15,294

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

Auditing Principles Techniques And Practices

Authors: Mustaq Ahmad, Mohd Ashraf Ali

1st Edition

8184841949, 978-8184841947

More Books

Students also viewed these Accounting questions

Question

Define procedural justice. How does that relate to unions?

Answered: 1 week ago