A Company Sold A Machine For 15000 In Cash
A Company Sold A Machine For 15000 In Cash. On january 3, it is installed on a required operating platform costing $1,160, and it is further readied for operations. The company sold 20,000 shares of common stock for cash during the year.
Merchandise is sold for cash. To illustrate, assume that on 2016 august 1, ray company sold a machine for $1,500. A credit to sales tax payable for $350.
The Company Uses Allowance Method To Account For Uncollectible Accounts Expense.
Kinanto expects to extract and sell 15,000 tons per month. Of which p400,000 was allocable to the land. Abc sells the machine for $18,000.
Purchases A Used Machine For $178,000 Cash On January 2 And Readies It For Use The Next Day At An $2,840 Cost.
To illustrate, assume that on 2016 august 1, ray company sold a machine for $1,500. And (c) it is destroyed in a fire and the insurance company pays $30,000 cash to settle the loss claim. Bennie razor company has decided to sell one of its old manufacturing machines on june 30, 2014.
On 1/1/2X, Company A Sold Machinery To Company B For $200,000 Cash That Had An Original Purchase Price Of $150,000, Useful Life Of 10 Years, Accumulated Depreciation At The Time Of Sale Of $75,000, And Was Expected To Be Continued To Be Depreciated At $15,000 Per Year Had It Not Been Sold.
The same machine could be acquired on cash basis at p400,000. The machine originally cost $35,000 in 2014 and $8,000 was spent on a major overhaul in 2017 (charged to the equipment account). (b) 9 % debentures ₹ 80,000 were issued on april 1, 2016.
The Stated Value Of Shares Was $10 Per Share And The Shares Were Issued At $35 Per Share.
It is sold for $15,000 cash; We booked $9,000,000 of goodwill from that acquisition, and the accounting rules require us to recognize any impairment of goodwill. A machinery costing ₹ 50,000 and accumulated depreciation thereon ₹ 15,000 was sold for ₹ 32,000.
When Purchased On 2008 January 2, The Machine Cost $12,000;
Estimated reserves were 1,600,000 tons. On january 3, it is installed on a required operating platform costing $1,160, and it is further readied for operations. A company sold a machine for 15,000$ in cash.
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