FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 01, 2006 Brioche Dory Inc. purchased equipment at a cost of $28,000. The equipment has been depreciated by the straight line method using

On January 01, 2006 Brioche Dory Inc. purchased equipment at a cost of $28,000. The equipment has been depreciated by the straight line method using 4 years life time and $4,000 salvagevalue. Required: Prepare the journal entry to record the disposal of the equipment (selling) assuming that it is sold for $8,000 cash on Jan 01, 2009.

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_2

Step: 3

blur-text-image_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

Financial & Managerial Accounting For Undergraduates

Financial & Managerial Accounting For Undergraduates

Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews

2nd Edition

161853310X, 9781618533104

More Books

Students also viewed these Accounting questions

Question

★★★★★
Star Kleymeyer, owner of Star Bakery, wants to know the profitability of each of her bakerys customer groups. She is especially interested in the State Institutions customer group, which is one of...

Answered: 1 week ago

Question

★★★★★
Relative Frequency Histogram I Construct a relative frequency histogram for these 50 measurements using classes starting at 1.6 with a class width of .5. 13. How would you describe the shape of the...

Answered: 1 week ago

Question

★★★★★
Summarize the general methodological guidelines for qualitative research.

Answered: 1 week ago

Question

★★★★★
For each of the following independent situations, identify the relevant objective(s) of financial reporting that the company could be overlooking. Discuss each of these objectives. 1. The president...

Answered: 1 week ago

Question

★★★★★
? ? ? ? ? ? ? ? i s t h e s e a r c h f o r , c o l l e c t i o n , a n d r e v i e w o f i t e m s s t o r e d i n d i g i t a l f o r m a t t h a t a r e o f p o t e n t i a l e v i d e n t i a r y...

Answered: 1 week ago

Question

★★★★★
GEOG 8-LAB 4: Controls of Temperature 1. From the pdf U.S. map in the Lab 4 instructions page in Canvas, select any one (1) of the 14 groups of cities on that map, and write in the blank above that...

Answered: 1 week ago

Question

★★★★★
A local gym is looking in to purchasing more exercise equipment and runs a survey to find out the preference in exercise equipment amongst their members. They categorize the members based on how...

Answered: 1 week ago

Question

★★★★★
Interest on a credit card's unpaid balance is calculated using the average daily balance. Suppose that netBalance is the balance shown in the bill, payment is the payment made, d1 is the number of...

Answered: 1 week ago

Question

★★★★★
125. Suppose that people finally realize that they must save a larger proportion of their income in order to retire and that they simultaneously begin to use new technology that allows them to reduce...

Answered: 1 week ago

Question

★★★★★
Mandatory Border Operations meetings are conducted for all employees in the Border Protection Unit every Monday. Employees are not permitted to telework on days when Border Operations meetings are...

Answered: 1 week ago

Question

★★★★★
A small southern West Australian country town has maintained records showing that the daily maximumtemperature during summer (Dec.,Jan.,Feb.) has averaged 30 degree Celsius with a standard deviation...

Answered: 1 week ago

Question

★★★★★
=+5. What is your opinion regarding the issue of splitting the roles of CEO and chair of the board? Justify your position.

Answered: 1 week ago

Question

★★★★★
=+ 1. What are some of the benefits to companies that operate a volunteer employee program stated in the case study? Do you agree that these benefits are likely to come from a volunteer program?

Answered: 1 week ago

Question

★★★★★
=+3. How can companies encourage employees to participate in volunteer programs and avoid having employees feel that by volunteering, they are potentially derailing their chances for a promotion...

Answered: 1 week ago

Previous Question Next Question