The T accounts for Equipment and the related Accumulated Depreciation for Perkins Company at the end of

Question:

The T accounts for Equipment and the related Accumulated Depreciation for Perkins Company at the end of 2011 are shown here.

In addition, Perkins Company’s income statement reported a loss on the sale of equipment of $4,500. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting Tools for business decision making

ISBN: 978-0470477144

5th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

See More Books

Question Posted: Aug 01, 2012 03:21 AM

See More Questions

The T accounts for Equipment and the related Accumulated Depreciation for Kimberlain Company at the end of 2010 are shown here. In addition, Kimberlain Companys income statement reported a loss on...
The T accounts for equipment and the related accumulated depreciation for Trevis Corporation are as follows: In addition, Trevis's income statement reported a loss on the sale of equipment of $1,500....
The T accounts for Equipment and the related Accumulated Depreciation for Triangle Art Company at the end of 2008 are shown here. In addition, Triangle Art Companys income statement reported a loss...
Given that y = x 2 , find the image of the curve y = x 2 after each of the following combinations of transformations. a. A stretch in the y-direction with factor 3 followed by a translation by the...
In teams, select a public company that interests you and is a business that requires inventory. Obtain the company's most recent annual report on Form 10-K. The Form 10-K is a company's annually...
Omega Corporations comparative balance sheet accounts worksheet at December 31, 2014 and 2013, follow, together with a column showing the increase (decrease) from 2013 to 2014. Presented next are the...
The Dude Map Go to $h t t p: / / q z . c o m / 316906 / t h e-$ dude-map-how-american-men-refer-to-their-bros/ to see "The dude map: How Americans refer to their bros,"89 a heat map of the United...
You are part of a group of newly hired team superintendents with Riordan Manufacturing. Your group was hired to lead new teams and begin production of the newly designed CardiCare Valve heart valves....
Grixdale Tax Services prepares taxes for individuals. Grixdale offers a simplified pricing model with two alternatives for taxpayers: Standard Deduction ( Standard ) or Itemized Deductions ( Itemized...
A cast iron, T-type fitting is being produced for the oil drilling industry, using an air-set or no-bake sand for both the mold and the core. A silica sand has been used in combination with a...
The comparative balance sheets for Charles Company show these changes in noncash current asset accounts: accounts receivable decrease $80,000, prepaid expenses increased $28,000, and inventories...
In a recent year, McLaren Semiconductor Corporation reported cash provided by operating activities of $155,793,000, cash used in investing of $207,826,000, and cash used in financing of $33,372,000....
What is the significance of a 'circled' elapsed time?
True or False: The two approaches used in performing replacement analyses are the cash flow approach and the insider viewpoint approach.
True or False: The seven step SEAT is only applicable to public sector evaluation after extensive modification.
An electric field $\vec{E}=(200,000 \mathrm{~N} / \mathrm{C}$, right $)$ causes the $2.0 \mathrm{~g}$ ball in Figure P20.66 to hang at an angle. What is $\theta$ ? 25 nC ( 2.0 g FIGURE P20.66
True or False: If the optimum replacement interval for an over-the-road tractor is 4 years and the rate of increase in O&M costs doubles, then the optimum replacement interval for the next tractor...
True or False: OMB's Circular No. A-94, Revised is the definitive document for benefit-cost analysis.
Route 66 is a toll road that is congested only during rush hour. During other times of day, the use of the highway is not _________, so the efficient toll is _________. a. excludable; higher b....
Critical reading SAT scores are distributed as N(500, 100). a. Find the SAT score at the 75th percentile. b. Find the SAT score at the 25th percentile. c. Find the interquartile range for SAT scores....
Scientific research has shown that the risk of having an automobile accident increases exponentially as the concentration of alcohol in the blood increases. The blood alcohol concentration is modeled...
Founded in 1970, Parlex Corporation is a world leader in the design and manufacture of flexible interconnect products. Utilizing proprietary and patented technologies, Parlex produces custom flexible...
Founded in 1970, Parlex Corporation is a world leader in the design and manufacture of flexible interconnect products. Utilizing proprietary and patented technologies, Parlex produces custom flexible...
Founded in 1970, Parlex Corporation is a world leader in the design and manufacture of flexible interconnect products. Utilizing proprietary and patented technologies, Parlex produces custom flexible...
How do I use voice commands to control my computer with the project of making a video?
Dan Mullen is employed by a mail-order distributor and reconditions used desktop computers, broadband routers, and laser printers. Dan is paid $12 per hour, plus an extra $6 per hour for work in...
Consider two series Yt and Y2t: Y = IIY-1 +6 Or more explicitly as: Aye Aya Yit Elt + Y2t 2t in which = [1, 2]' is IID with E(e) = 0 and E(ee'): [ 0 0 a) Write the system in levels Answer: A-AU-N b)...

The T accounts for Equipment and the related Accumulated Depreciation for Perkins Company at the end of

Question:

Equipment Accumulated Depreciation Beg. b 80,000 Disposals 22,000 Disposals 5,500 Beg. ba 44,500 Acquisitions 41,600 Depr exp. 2,000 End. b 51,000 End. ba 99,600

Step by Step Answer:

Original cost of equipment sold 22000 LessAc...View the full answer

Managerial Accounting Tools for business decision making

Students also viewed these Managerial Accounting questions