{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-16T00:08:46-04:00", "answer_date": "2024-09-16 00:08:46", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "11107561", "url": "\/study-help\/questions\/sale-of-asset-equipment-acquired-on-january-3-20y3-at-11107561", "question_creation_date_js": "2024-09-16T00:08:46-04:00", "question_creation_date": "Sep 16, 2024 12:08 AM", "meta_title": "[Solved] Sale of Asset Equipment acquired on Janua | SolutionInn", "meta_description": "Answer of - Sale of Asset Equipment acquired on January 3, 20Y3, at a cost of $415,000, has an estimated useful life of 15 years, | SolutionInn", "meta_keywords": "sale,asset,equipment,acquired,january,3,20y3,cost,$415,000,estimated,life,15", "question_title_h1": "Sale of Asset Equipment acquired on January 3, 20Y3, at a cost of $415,000, has an estimated useful life of 15 years, has an estimated", "question_title": "Sale of Asset Equipment acquired on January 3, 20Y3, at a cost", "question_title_for_js_snippet": "Sale of Asset Equipment acquired on January 3, 20Y3, at a cost of $415,000, has an estimated useful life of 15 years, has an estimated residual value of $32,500, and is depreciated by the straight line method A What was the book value of the equipment at December 31, 20Y6, the end of the year For decreases is accounts or outflows of cash enter your answers as negative numbers If no account or activity is affected, select No effect from the dropdown and leave the corresponding number entry box blank b1 Assuring that the equipment was sold on July 1, 20Y7, for $ 205,000 illustrate the effects on the accounts and financial statement of depreciation for the six months until the sale date", "question_description": "
\"image <\/div> <\/div> Sale of Asset Equipment acquired on January 3, 20Y3, at a cost of $415,000, has an estimated useful life of 15 years, has an estimated residual value of $32,500, and is depreciated by the straight-line method. A. What was the book value of the equipment at December 31, 20Y6, the end of the year? For decreases is accounts or outflows of cash enter your answers as negative numbers. If no account or activity is affected, select \"No effect\" from the dropdown and leave the corresponding number entry box blank. b1. Assuring that the equipment was sold on July 1, 20Y7, for $ 205,000 illustrate the effects on the accounts and financial statement of depreciation for the six months until the sale date", "transcribed_text": "", "related_book": { "title": "Accounting Principles", "isbn": "111856667X, 978-1118566671", "edition": "11th Edition", "authors": "Jerry Weygandt, Paul Kimmel, Donald Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6463204bda3c5_274.jpg", "uri": "\/textbooks\/accounting-principles-11th-edition-274", "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-16 00:08:46", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/theory-of-probability\/15-consider-a-sequentialservice-system-consisting-of-two-servers-a-2014752", "description": "15. Consider a sequential-service system consisting of two servers, A and B. Arriving customers will enter this system only if server A is free. If a customer does enter, then he is immediately...", "stars": 0 }, { "url": "\/lexi-company-forecasts-unit-sales-of-1040000-in-april-1220000", "description": "Lexi Company forecasts unit sales of 1,040,000 in April, 1,220,000 in May, 980,000 in June, and 1,020,000 in July. Beginning inventory on April 1 is 280,000 units, and the company wants to have 30%...", "stars": 3 }, { "url": "\/study-help\/questions\/sale-of-asset-equipment-acquired-on-january-3-20y3-at-11107561", "description": "Sale of Asset Equipment acquired on January 3, 20Y3, at a cost of $415,000, has an estimated useful life of 15 years, has an estimated residual value of $32,500, and is depreciated by the...", "stars": 3 }, { "url": "\/study-help\/questions\/stpierre-inc-made-sales-of-725-million-during-the-year-7802309", "description": "St.Pierre Inc. made sales of $725 million during the year. Of this amount, St.Pierre Inc. collected cash for all but $27million. The company's cost of goods sold was $320 million, and all other...", "stars": 3 }, { "url": "\/study-help\/questions\/6box-diagnostic-model-for-gamestop-and-best-buy-identifies-and-1004828", "description": "6-box diagnostic model for gamestop and best buy identifies and measures the relevant aspects of the organization's performance. Apply the data obtained in your research through an analysis of the...", "stars": 3 }, { "url": "\/study-help\/questions\/how-does-the-role-of-business-and-management-play-out-1005020", "description": "How does the role of business and management play out in your future career growth and professional potential? What specific aspects from this class (BPM, CRM, Process Mapping, People Change...", "stars": 3 }, { "url": "\/study-help\/questions\/according-to-the-vba-code-ofconduct-it-is-stated-that-1005523", "description": "According to the VBA code ofConduct, it is stated that you must not act as an arbiter where there is disagreement between the owner and an adjoining owner about protection work. Explain in detail how...", "stars": 3 }, { "url": "\/study-help\/questions\/sal-adamos-pizzeria-struggles-with-completing-orders-on-time-on-1005970", "description": "Sal Adamo's pizzeria struggles with completing orders on time on the weekends, and the customers aren't happy. Sal pulled his team together for a meeting and asked them for feedback on the problems....", "stars": 3 }, { "url": "\/study-help\/questions\/1-using-your-knowledge-of-industry-structure-is-the-consumer-1006549", "description": "1. Using your knowledge of Industry Structure, is the consumer electronic retail Industry (Best Buy) attractive to compete in for incumbent firms? Please explain. Buyer Power- Players- Underlying...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/3-48-points-at-the-beginning-of-january-i-2007-11107560", "next": "\/study-help\/questions\/when-completing-the-transaction-ledge-make-sure-to-write-the-11107562" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Sale of Asset Equipment acquired on January 3, 20Y3, at a cost", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/sale-of-asset-equipment-acquired-on-january-3-20y3-at-11107561" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }": "1" } }