{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T20:10:42-04:00", "answer_date": "2024-05-26 20:10:42", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1758183", "url": "\/study-help\/questions\/more-info-jan-1-apr-1-sep-1-dec-31-1758183", "question_creation_date_js": "2024-05-26T20:10:42-04:00", "question_creation_date": "May 26, 2024 08:10 PM", "meta_title": "[Solved] More info Jan. 1 Apr. 1 Sep. 1 Dec. 31 Pu | SolutionInn", "meta_description": "Answer of - More info Jan. 1 Apr. 1 Sep. 1 Dec. 31 Purchased office equipment, $116,000. Paid $84,000 cash and financed the remain | SolutionInn", "meta_keywords": "info,jan,1,apr,sep,dec,31,purchased,office,equipment,$116,000,paid", "question_title_h1": " More info Jan. 1 Apr. 1 Sep. 1 Dec. 31 Purchased office equipment, $116,000. Paid $84,000 cash and financed the remainder with a note", "question_title": " More info Jan. 1 Apr. 1 Sep. 1 Dec. 31 Purchased", "question_title_for_js_snippet": "More info Jan 1 Apr 1 Sep 1 Dec 31 Purchased office equipment, $116,000 Paid $84,000 cash and financed the remainder with a note payable Acquired land and communication equipment in a lump sum purchase Total cost was $440,000 paid in cash An independent appraisal valued the land at $346,500 and the communication equipment at $115,500 Sold a building that cost $540,000 (accumulated depreciation of $240,000 through December 31 of the preceding year) Guilda Bell Associates received $380,000 cash from the sale of the building Depreciation is computed on a straight line basis The building has a 40 year useful life and a residual value of $60,000 Recorded depreciation as follows Communication equipment is depreciated by the straight line method over a five year life with zero residual value Office equipment is depreciated using the double declining balance method over five years with a $5,000 residual value Print Done", "question_description": "\"image\"image\"image\"image", "transcribed_text": "More info Jan. 1 Apr. 1 Sep. 1 Dec. 31 Purchased office equipment, $116,000. Paid $84,000 cash and financed the remainder with a note payable. Acquired land and communication equipment in a lump-sum purchase. Total cost was $440,000 paid in cash. An independent appraisal valued the land at $346,500 and the communication equipment at $115,500. Sold a building that cost $540,000 (accumulated depreciation of $240,000 through December 31 of the preceding year). Guilda Bell Associates received $380,000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $60,000. Recorded depreciation as follows: Communication equipment is depreciated by the straight-line method over a five-year life with zero residual value. Office equipment is depreciated using the double-declining- balance method over five years with a $5,000 residual value. Print Done", "related_book": { "title": "Accounting Tools for business decision making", "isbn": "978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461", "edition": "4th Edition", "authors": "kimmel, weygandt, kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/107.jpg", "uri": "\/textbooks\/accounting-tools-for-business-decision-making-4th-edition-107", "see_more_uri": "" }, "free_related_book": { "isbn": "B000LF4OMO", "uri": "\/textbooks\/billfisher-dss300-2pk-double-snap-fishing-swivels-black-b000lf4omo-130215", "name": "Billfisher Dss300 2pk Double Snap Fishing Swivels Black", "edition": "" }, "question_posted": "2024-05-26 20:10:42", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/human-resource-management-\/given-that-the-notion-of-hrm-is-seen-in-some-1281874", "description": "Given that the notion of HRM is seen in some countries to be more advanced than the idea of personnel management, why might the latter continue to be the preferred terminology in most of Europe?", "stars": 3 }, { "url": "\/compare-and-contrast-the-three-political-views-of-fdi", "description": "Compare and contrast the three political views of FDI.", "stars": 3 }, { "url": "\/study-help\/consumer-behaviour\/how-do-gender-roles-differ-in-various-cultures-and-what-1811830", "description": "How do gender roles differ in various cultures, and what impact might that have on service delivery?", "stars": 3 }, { "url": "\/study-help\/psychology-2e\/describe-why-swammerdams-experiment-on-the-nervemuscle-preparation-was-embarrassing-1985131", "description": "Describe why Swammerdams experiment on the nerve-muscle preparation was embarrassing to Descartess theory.", "stars": 3 }, { "url": "\/grand-canyon-manufacturing-inc-produces-and-sells-a-product-with", "description": "Grand Canyon Manufacturing Inc. produces and sells a product with a price of $100 per unit. 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