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On March Womy purchased new equipment for $50,500 by paying cath Other contentoimed with the equipment were reportation S00: sales tax pod 53100and installation CO 52.000 A Whart with outment recorded on a balance sheet? 557300 6180 554700 550.000 On January 2016 Woodstock in purchased a machine costing 541.300 Woodstock also paid Ses for transportation and installation The expected sold Me or the machines 5 years and the reside is $5650 Woodstock uses the streght-line depreciation method which of the following usements incorrect? The December 2013 accumulated depreciation blince was $22380 The waldepreciation expenses 57460 The December 2017 oko 522380 The December 2016 nook value was 35490 A company reland by ung 1900 shares of its 515 par valst common stock which is current wading at $30 per she and the appraised value of the land is 5269.000 Which of the following em comedy describes the recording of the land? Records and at the age is praised value of 5.200.000 and the 5357,000 vluv of the wed, thereby recoping a 5-88000 gain Hecord and the $357000 value of the contenu O Recorded me of 200 000 and recognof-000 since the bed rock curly worth 357000 Record the land the value of the stock given up 7500 Which of the following is correct for th Company when Sms 11.800 shoes of $10 per vale common stock and pays $21800 cash in exchange for a building the market price of the Smith sock on the dange date was $25 per share and the building book wlue on the books of the seller was 5248.000 The additional din capital account increases by $110.000 The common stock account increases by 5118.000 O Stockholders equity in $295.000 The building comincses by 5376.800 Which of the following transactions would not increase the fixed asset turnover ratio? O Selling manufacturing equipment for a loss. O An increase in sales revenue. O A decrease in operating expenses. O A profitable sale of fixed assets for cash