Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 4.00

DDB depreciation

(Learning Objective 4: Analyzing the effect of a sale of a plant asset; DDB depreciation) Assume that on January 2, 20X4, Insurors of Pennsylvania purchased fixtures for $8,700 cash, expecting the fixtures to remain in service 5 years. Insurors has depreciated the fixtures on a double-declining-balance basis, with $1,000 estimated residual value. On September 30, 20X5, Insurors sold the fixtures for $2,500 cash. Record both the depreciation expense on the fixtures for 20X5 and then the sale of the fixtures. Apart from your journal entry, also show how to compute the gain or loss on Insurors" disposal of these fixtures.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 06:09 PM My Price 4.00

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