Astume Contiental Transport Lid's balance sheet includes the following assets under Property, Plant, and Equipment Land,
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Astume Contiental Transport Lid's balance sheet includes the following assets under Property, Plant, and Equipment Land,
Tot Lat's balance sheet includes the following asas under Property Plant, and Equipment Land, Buildings, and Motor Carrier Equipment Inter-Continental has a separate accumulated depreciation account for ext and Furthe, assume that InterContinental completed the following transactions with of Ck the in to view the transactions) Requirements Red the transactions in InterContinental Transport Ljouma Requirement 1. Record the transactions in Inter-Continental Transport LM's journal January 2, 2020 Sold motorcarier equipment with accumulated depreciation of $74.300 (cost of $139,000 for $65,000 cash. Purchased simlar new equipment with a cash price $181,000. the sale of the motor camner equipment (Recond debits first, then credits. Explanations are not required) Accounts Debil Credit Transactions Juary 2 2020 Jan 2 Sold motor-carrier equipment with accumulated depreciation of 574.300 (cost of $139,000) $65,000 cash Purchased sendar new gument with car $181,000 July 3 Sold a building that had cost $660,000 and had accumulated depreciation of $170,000 through December 31 of the preceding year Depreciation is computed on straight basis. The building had a 40-year useful ife and area of $280.000 interContinental received $107.000 cash and a $378.250 be Purchased land and a building for a single price of $420,000 An independent appraisal valued the land at $157,000 and the building at $306.000 Out 29 Dec. 31 Recorded depreciation as followe New motor car equipment has an expected use of years and an estimated resulvade of 5% of cost. Depreciation is computed on the double diminishing balance method Depreciation on buildings is computed by the straight line method. The new building carries a 40-year usetur ife and a restual value equal to 10% of Calculator ( 1 ( Help me solve this n 2 Ask my instructor 4 3 5 Q W E R T ASDF G zxcv C V 6 MacBook Pro B Y H N U N 0. 8 J 1 M 9 K O .o O < L P ( # GARA
Aer Contal Transpon L balance sheet includes the following sels under Property Part, and Equipment Land, Buildings, and Motor Comer Equipment InterContinental has a separate accumulated depreciation account for of these except land. Further assume that Inter-Continental completed the towing action Click the icon to view the transactions Requirements Record the transactions in InterContinental Transport Lju How management choose which depreciation method to use? Requirement 1. Record the transactions in InterContinental Transport Ld's journal anuary 2, 2020 Sold motor-camer equipment with eccumulated depreciation of $74.300 joost of $139,000) for $65,000 cash Purchased similar new equipment with a cash price $181.000. Jourmalce the sale of the motor camer equipment (Record debits first, then credits. Explanations are not required) Date Accounts Debit Credit January 2 Help me solve this Calculator Ask my instructor esc > Q T 2 W #3 E $ R % 55 T 6 MacBook Pro Y 007 & 7 U 8 Ⓒ ( 9 0 ) O Clear all P 7 Check answer + # ®
ab Aumental Transport La's balance sheet includes the following assets under Property. Plant, and Equipment Land, Buldings, and Motor Carrier Equipment Inter-Continental has a separate accumulated depreciation account for each of these as except und. Further, assume that inter Continental completed the following ansactions Click the icon to view the transactions) Requirements 1. Record the transactions in inter-Continental Transport Lads joumal 2. How does management choose which depreciation method to use? Requirement 1. Record the transactions in Inter-Continental Transport La's journal January 2, 2020: Gold motor-camer equipment with accumulated depreciation of $74,300 (cost of $139,000) for $65.000 cash. Purchased similor new equipment with a cash price $181,000 Jom the sale of the motor carrier equipment (Record debits first, then credits. Explanations are not required.) Dale Accounts Debit Crede Help me solve this Calculator Ask my instructor $ BB Q @2 W 43 E R 20 95 % T ^ 6 MacBook Pro & 7 Y U 8. 8 1 69 9 O ) O Clear all 1. P Check answer B { it 1
As of Content Transport Lad balance sheet includes the following assets under Property Plant, and Equipment Land, Buildings, and Motor Carrer Equipment InterContinental has a separate accumulated depreciation account fur except and Further, assume that InterContinental completed the showing transactions then to view the transactions) Requirements 1. Record the transactions in inter-Continental Transport La joomal 2 How does management choose which depreciation method to use? Requirement 1 Record the transactions in Inter-Continental Transport L's journal January 2, 2020 Sold motor-carrier equipment with accumulated depreciation of $74,300 (cost of $139,000) for $65.000 cash. Purchased similar new equipment with a cash price $11,000 Joumalze the sale of the motor camer equipment Record debits first, then credits. Explanations are not required) Date Accounta Debi Credit January 7 Help me solve this Calculator Ask my instructor $ B Q 2 Tw W 43 # 3 LL E 4 R *5 T ^ 6 MacBook Pro & 7 Y U 8 9 0 0 Clear all P Check answe [: [ 11+