Answered step by step
Verified Expert Solution
Question
1 Approved Answer
help with 12, 13 D Question 12 1 pts Victor Company sold some PPE (Property, Plant, and Equipment) to Koal Company for 861.899 on July
help with 12, 13 D Question 12 1 pts Victor Company sold some PPE (Property, Plant, and Equipment) to Koal Company for 861.899 on July 1, 2020... Since the sales price was so high, Victor insisted on receiving a Note Receivable (rather than just simply accepting an Accounts Receivable).....The interest rate on the note was 10% per year, and the note will mature (be paid off, in other words) in ten months---Ion May 1, 2021).... In the year end adjusting journal entries for Dec 31 2020. how much interest revenue should Victor record related to the above note? (round off intermediate answers to at least three decimal places....round off final answer to nearest whole number) earch o Question 13 1 pts Box Company bought some PPE Property, Plant, and Equipment) on an 1 2020 They use straight line depreciation The cost of the PPE was 93.030 The salvage value was 7.451.The estimated useful life was 5 years... How much depreciation expense should the company record for 2020? (round oft intermediate computations to at least three decimal places_sound off final answer to nearest whole number)
help with 12, 13
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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