Maurice Tutor

(5)

$15/per page/Negotiable

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: 399 Weeks Ago, 1 Day 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 > Management Posted 16 Feb 2018 My Price 7.00

Pacifica Manufacturing

Exercise 7-45  SALE OF PLANT ASSET

Pacifica Manufacturing retired a computerized metal stamping machine on December 31, 2009. Pacifica sold the machine to another company and did not replace it. The fol- lowing data are available for the machine:

 

Cost (installed), 1/1/2004                                      $920,000 Residual value expected on 1/1/2004                                                                                    160,000 Expected life, 1/1/2004                    8 years

 

The machine was sold for $188,000 cash. Pacifica uses the straight-line method of depreciation.

 

 

Required:

1.     Prepare the journal entry to record depreciation expense for 2009.

2.     Compute accumulated depreciation at December 31, 2009.

3.     Prepare the journal entry to record the sale of the machine.

4.     Explain how the gain or loss on the sale would be reported on the 2009 income statement.

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Feb 2018 10:02 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)