Entries by Grace Wahito

Calculate depreciation expense for the truck for each year (2010-2013)

February 12, 2020 in /by

1. Calculate depreciation expense for the truck for each year (2010-2013) using the: a. Straight-line method. b. Double-declining balance method. c. Units of Production method.  (For units-of-production and double-declining balance, round to the nearest two decimals after each step of the calculation.) 2. Which method best tracks the wear and tear on the van?  3. Which method would BagODonuts prefer to […]

 

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i need help with this assignment Fulbright Corp

February 12, 2020 in /by

i need help with this assignment Fulbright Corp. uses the periodic inventory system. It’s beginning inventory had 10 units @ $100, and they made the following purchases, during the year. (listed in chronological order of acquisition): ·40 units at $120 ·70 units at $125   80 units at $130 The sales in units was 120 at $ 180.00 […]

 

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i need help with this question ASAP. ThanksThe following is the ending balances of accounts at December 31,

February 12, 2020 in /by

i need help with this question ASAP. ThanksThe following is the ending balances of accounts at December 31, 2016 for the Valley Pump Corporation.                            DR         CR Cash                       25,000 Accounts Receivable            56,000 Inventories                   81,000 Interest Payable                          10,000 Marketable Securities            44,000 Land                       120,000 Buildings                    300,000 Accumulated Dep – Buildings                  100,000 Equipment                   75,000 Accumulated Dep – Equipment                  25,000 Patents, (net)                  12,000 Prepaid Expenses                32,000 Accounts Payable                          65,000 Deferred Revenues                          20,000 Notes Payable                            250,000 Allowance […]

 

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I need help with this question ASAP. ThanksA preliminary 2016 income

February 12, 2020 in /by

I need help with this question ASAP. ThanksA preliminary 2016 income statement of Alexian Systems is presented below:                                                Alexian Systems                      Income Statement                    For the period ending, December 31 ,2016                         (in $milliions) Revenues and Gains:  Sales                                                                           $425 Interest Revenue                                                                3  Gain on Sale of Investment                                            6 Expenses Cost of Goods Sold                      270 Salaries Expense                        50 Depreciation Expense                     25 Warranty Expense                        30 Restructuring Costs                       10 Advertising […]

 

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