(Answered) Obrien sports and outdoors on january 1 2013 purchased

Accounting

O'Brien Sports and Outdoors On January 1, 2013, purchased equipment for $150,000. The equipment had an estimated useful life of 10 years and no salvage value. At January 1, 2016, the company revised the remaining useful life to 13 years and a $5,000 salvage value. Journalize the new yearly depreciation expense.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92564776
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - how do you find covered payroll on a schedule of

Question - How do you find covered payroll on a schedule of changes in net pension liability and related ratios chart? How do you find "New pension liability as a percentage of covered payroll"? Net change in plan fiduci ...

Question - blue co reported 150000 of net income for 2017

Question - Blue Co. reported $150,000 of net income for 2017. The accountant, in preparing the statement of cash flows, noted the following items occurring during 2017 that might affect cash flows from operating activiti ...

Question - explain legislation and statutory requirements

Question - Explain legislation and statutory requirements and industry codes of practice including(Australia): Consumer credit code Privacy act Credit act Financial transaction reports act Corporations act (including acc ...

Question if the per worker production function is given by

Question: If the per worker production function is given by y=k^1/2, the population growth rate is n= .04, and the depreciation is .01. a. The golden rule level of capital and output per worker is: b. What is the saving ...

Question my choice is starbucksaccess each of the social

Question: My choice is Starbucks Access each of the social media pages for the brand you have selected (Facebook, Twitter, Instagram, etc.). Provide an assessment of the effectiveness of the social media sites: number of ...

Question - a husband and wife received 7200 of social

Question - A husband and wife received $7,200 of social security benefits What is the taxable amount if the husband and wife's provisional income is $33,000? What is the taxable amount if the husband and wife's provision ...

Question - buffalo industries markets cds of numerous

Question - Buffalo Industries markets CDs of numerous performing artists. At the beginning of March, Buffalo Industries had in beginning inventory 2,670 CDs with a unit cost of $7. During March, Buffalo Industries made t ...

Question - please solve with explanation - candy co

Question - Please solve with explanation - Candy Co. purchased a machine on January 1, 2011, for $300,000. At the time of purchase, the machine was estimated to have a life of 8 years and a residual value of $10,000. In ...

Question - the community college instructor has asked for

Question - The community college instructor has asked for your help again. He or she wants you to personally create a document he or she could give to students. Write an 875 to 1,050-word paper in which you: Analyze the ...

Accounting question - financial data for joel de paris inc

Accounting Question - Financial data for Joel de Paris, Inc, for last year follows Joel de Paris, Inc Balance Sheet Beginning Balance Ending Balance Assets Cash $125,000 $133,000 Accounts receivable 348,000 483,000 Inv ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert