The T-accounts for Equipment and the related Accumulated Depreciation Equipment for Ada Company at the end of
Question:
In addition, Ada Companys income statement reported a loss on disposal of plant assets of $6,500. What amount was reported on the statement of cash flows as cash flow from disposal of plantassets?
Transcribed Image Text:
Accumulated Depreciation-Equipment Beg. bal. 80,000Disposals 22,000 Disposals 8,500 Beg. bal. 44,500 Depr. exp. 12,000 End.b 48,000 Equipment Acquisitions 41,600 End. b 99,600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Original cost of equipment sold 22000 Less ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting 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 Perkins Company at the end of 2011 are shown here. In addition, Perkins Companys income statement reported a loss on the sale...
-
Given: MIII; Prove: M Use the definitions and postulates given in Example 2 to prove the theorems in Problems 914. Give both statements and reasons.
-
Leonard contributes $4,000 to an exempt organization. Addie contributes $4,000 to a different exempt organization. Why might Addie be permitted a $4,000 charitable contribution deduction in...
-
Why have farmers settled in floodplains since ancient times despite the risk of flooding there?
-
Extend the analysis two reactions, making it applicable for steam reforming of methane. The first reaction is \[\mathrm{CH}_{4}+\mathrm{H}_{2} \mathrm{O} ightleftharpoons \mathrm{CO}+3...
-
The trial balance of Harper, Inc., at September 30, 2016, does not balance: The accounting records hold the following errors: a. Recorded a $500 cash revenue transaction by debiting Accounts...
-
Sherri owes $5,500 on her credit card. The card has an APR of 14.9 percent. Sherri has decided not to charge any additional purchases because she wants to get this debt paid in full. A) How much...
-
The 2018 balance sheets and income statement for Netflix Inc. follow. Refer to these financial statements to answer the requirements. NETFLIX INC. Consolidated Statement of Earnings For Year Ended...
-
The comparative balance sheets for Tobemory Company show these changes in noncash current asset accounts: accounts receivable increase $80,000, prepaid expenses decrease $28,000, and inventories...
-
In a recent year, Cypress Semiconductor Corporation reported cash provided by operating activities of $155,397,000, cash used in investing of $207,628,000, and cash used in financing of $33,372,000....
-
What is the difference between a good and a service? When you buy a music subscription on Pandora, are you buying a good or service? Would your answer be different if you bought an MP3 album on...
-
The rectangular boat is floating in water with a density of 1g / m L The sides of the boat are 4.5 cm high, and the base of the boat measures 100 cm * 5cm What is the maximum load this boat could...
-
If 1 6 0 m 3 of water falls down a waterfall 4 2 . 0 m high every minute, ( a ) find the power in watts. What is this power in KW ?
-
A 208 g sample of 24Na decays to 13.0 g of within 60.0 h. What is the half-life of this radioactive isotope?
-
A student walks away from a motion detector. If the student is walking at 1.0 m/s when the motion detector begins collecting data and slows to a stop over a 2.0 s interval, what is the average...
-
While her kid brother is on a wooden horse at the edge of a merry-go-round, Sheila rides her bicycle parallel to its edge. The wooden horses have a tangential speed of 6 m/s. Sheila rides at 4 m/s....
-
Answer question 57 again, finding the value of the option if the stock goes up in 4 out of the 5 months. Question 57 You are given the following information about a stock: Calculate the value of the...
-
5. Convert the following ERD to a relational model. SEATING RTABLE Seating ID Nbr of Guests Start TimeDate End TimeDate RTable Nbr RTable Nbr of Seats RTable Rating Uses EMPLOYEE Employee ID Emp...
-
What if you were asked to explore the example problems in this chapter to learn the effects of varying the different parameters? This sensitivity analysis can be carried out by downloading the...
-
Distinguish between the accounting for capital expenditures and revenue expenditures.
-
Distinguish between the accounting for capital expenditures and revenue expenditures.
-
For some of the fixed assets of a business, the balance in Accumulated Depreciation is exactly equal to the cost of the asset. (a) Is it permissible to record additional depreciation on the assets if...
-
Implement the definition of the function rotate ToLeft(), member of the DArray class, so that it rotates all the elements of the array object to the left by one position. Example: [6, 2, 5, 3] [2, 5,...
-
Write the definition of the of the function is Full() as a member function of the DArray class. The function returns true if the array is full, or false otherwise. Functions.cpp 1 #include "DArray.h"...
-
Write a program that will calculate the trajectory of a golf ball thrown with a velocity of 25.6 m/s at an angle of 0 = 35 relative to the horizontal, from a hill that is 2.1 meters above the ground...
Study smarter with the SolutionInn App