{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-14T00:07:18-04:00", "answer_date": "2024-09-14 00:07:18", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10721663", "url": "\/study-help\/questions\/needham-industries-provides-the-following-information-relating-to-its-land-10721663", "question_creation_date_js": "2024-09-14T00:07:18-04:00", "question_creation_date": "Sep 14, 2024 12:07 AM", "meta_title": "[Solved] Needham Industries provides the following | SolutionInn", "meta_description": "Answer of - Needham Industries provides the following information relating to its land, buildings and equipment: $ millions Land B | SolutionInn", "meta_keywords": "needham,industries,provides,information,relating,land,buildings,equipment,$,millions,machinery,2021", "question_title_h1": "Needham Industries provides the following information relating to its land, buildings and equipment: $ millions Land Buildings Machinery and equipment 2021 $ 1,000 2,000 30,000", "question_title": "Needham Industries provides the following information relating to its land, buildings and", "question_title_for_js_snippet": "Needham Industries provides the following information relating to its land, buildings and equipment $ millions Land Buildings Machinery and equipment 2021 $ 1,000 2,000 30,000 $33,000 $22,000 2020 $ 600 2,000 27,000 $29,600 $19,500 Total accumulated depreciation Reported depreciation expense for 2021 is $2,500 million Calculate the plant assets' percent depreciated for 2021 (enter as a decimal rounding to the nearest whole percent, e g , enter 23 6 as 0 24) Seasons, Inc has the following plant, property, and equipment assets on its balance sheet for 2021 and 2020 ($ thousands) Land Buildings Machinery and equipment 2021 $ 4,200 10,400 6,500 21,100 7,200 $ 13,900 2020 4,000 9,800 6,800 20,600 Less Accumulated depreciation Total 6,000 $ 14,600 Depreciation expense for 2021 was $1,400 Assuming zero salvage value and straight line depreciation for Season's depreciable assets, approximately what is the useful life of Season's depreciable assets (enter as a year, rounded to the nearest tenth, e g 5 2 years) Seasons, Inc has the following plant, property, and equipment assets on its balance sheet for 20 2020 ($ thousands) Land Buildings Machinery and equipment 2021 $ 4,200 10,400 6,500 21,100 7,200 $ 13,900 2020 $ 4,000 9,800 6,800 20,600 6,000 $ 14,600 Less Accumulated depreciation Total Depreciation expense for 2021 was $1,400 During 2021, Season's Inc , did not make any machinery and equipment purchases and did not sell any buildings The cash flow from machinery and equipment sales during 2021 was $500 What was Season's gain or loss on machinery and equipment sales during 2021 (enter a gain as a positive number and a loss as a negative numbers) Needham Industries provides the following information relating to its land, buildings and equipment $ millions Land Buildings Machinery and equipment 2021 $ 1,000 2,000 30,000 $33,000 $22,000 2020 $ 600 2,000 27,000 $29,600 $19,500 Total accumulated depreciation Reported depreciation expense for 2021 is $2,500 million Calculate the plant assets' percent depreciated for 2021 (enter as a decimal rounding to the nearest whole percent, e g , enter 23 6 as 0 24) Seasons, Inc has the following plant, property, and equipment assets on its balance sheet for 2021 and 2020 ($ thousands) Land Buildings Machinery and equipment 2021 $ 4,200 10,400 6,500 21,100 7,200 $ 13,900 2020 4,000 9,800 6,800 20,600 Less Accumulated depreciation Total 6,000 $ 14,600 Depreciation expense for 2021 was $1,400 Assuming zero salvage value and straight line depreciation for Season's depreciable assets, approximately what is the useful life of Season's depreciable assets (enter as a year, rounded to the nearest tenth, e g 5 2 years) Seasons, Inc has the following plant, property, and equipment assets on its balance sheet for 20 2020 ($ thousands) Land Buildings Machinery and equipment 2021 $ 4,200 10,400 6,500 21,100 7,200 $ 13,900 2020 $ 4,000 9,800 6,800 20,600 6,000 $ 14,600 Less Accumulated depreciation Total Depreciation expense for 2021 was $1,400 During 2021, Season's Inc , did not make any machinery and equipment purchases and did not sell any buildings The cash flow from machinery and equipment sales during 2021 was $500 What was Season's gain or loss on machinery and equipment sales during 2021 (enter a gain as a positive number and a loss as a negative numbers)", "question_description": "

\"image<\/p> Needham Industries provides the following information relating to its land, buildings and equipment: $ millions Land Buildings Machinery and equipment 2021 $ 1,000 2,000 30,000 $33,000 $22,000 2020 $ 600 2,000 27,000 $29,600 $19,500 Total accumulated depreciation Reported depreciation expense for 2021 is $2,500 million. Calculate the plant assets' percent depreciated for 2021 (enter as a decimal rounding to the nearest whole percent, e.g., enter 23.6% as 0.24). Seasons, Inc. has the following plant, property, and equipment assets on its balance sheet for 2021 and 2020: ($ thousands) Land Buildings Machinery and equipment 2021 $ 4,200 10,400 6,500 21,100 7,200 $ 13,900 2020 4,000 9,800 6,800 20,600 Less Accumulated depreciation Total 6,000 $ 14,600 Depreciation expense for 2021 was $1,400. Assuming zero salvage value and straight-line depreciation for Season's depreciable assets, approximately what is the useful life of Season's depreciable assets (enter as a year, rounded to the nearest tenth, e.g. 5.2 years)? Seasons, Inc. has the following plant, property, and equipment assets on its balance sheet for 20 2020: ($ thousands) Land Buildings Machinery and equipment 2021 $ 4,200 10,400 6,500 21,100 7,200 $ 13,900 2020 $ 4,000 9,800 6,800 20,600 6,000 $ 14,600 Less Accumulated depreciation Total Depreciation expense for 2021 was $1,400. During 2021, Season's Inc., did not make any machinery and equipment purchases and did not sell any buildings. The cash flow from machinery and equipment sales during 2021 was $500. What was Season's gain or loss on machinery and equipment sales during 2021 (enter a gain as a positive number and a loss as a negative numbers)? Needham Industries provides the following information relating to its land, buildings and equipment: $ millions Land Buildings Machinery and equipment 2021 $ 1,000 2,000 30,000 $33,000 $22,000 2020 $ 600 2,000 27,000 $29,600 $19,500 Total accumulated depreciation Reported depreciation expense for 2021 is $2,500 million. Calculate the plant assets' percent depreciated for 2021 (enter as a decimal rounding to the nearest whole percent, e.g., enter 23.6% as 0.24). Seasons, Inc. has the following plant, property, and equipment assets on its balance sheet for 2021 and 2020: ($ thousands) Land Buildings Machinery and equipment 2021 $ 4,200 10,400 6,500 21,100 7,200 $ 13,900 2020 4,000 9,800 6,800 20,600 Less Accumulated depreciation Total 6,000 $ 14,600 Depreciation expense for 2021 was $1,400. Assuming zero salvage value and straight-line depreciation for Season's depreciable assets, approximately what is the useful life of Season's depreciable assets (enter as a year, rounded to the nearest tenth, e.g. 5.2 years)? Seasons, Inc. has the following plant, property, and equipment assets on its balance sheet for 20 2020: ($ thousands) Land Buildings Machinery and equipment 2021 $ 4,200 10,400 6,500 21,100 7,200 $ 13,900 2020 $ 4,000 9,800 6,800 20,600 6,000 $ 14,600 Less Accumulated depreciation Total Depreciation expense for 2021 was $1,400. During 2021, Season's Inc., did not make any machinery and equipment purchases and did not sell any buildings. The cash flow from machinery and equipment sales during 2021 was $500. What was Season's gain or loss on machinery and equipment sales during 2021 (enter a gain as a positive number and a loss as a negative numbers)", "transcribed_text": "", "related_book": { "title": "Managerial Accounting Tools for business decision making", "isbn": "978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895", "edition": "6th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/100.jpg", "uri": "\/textbooks\/managerial-accounting-tools-for-business-decision-making-6th-edition-100", "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-14 00:07:18", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/theory-of-probability\/21-would-the-results-of-example-5f-change-if-the-2009871", "description": "21. 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