On
January 1, 2014, Portwell Company purchased a equipment for $210,000.
They estimate a useful life of 4 years, residual value is $10,000.
At the end of 2014, the balance in the equipment account will be:(
)
A: $200,000
B: $210,000
C: $150,000
D: $160,000
January 1, 2014, Portwell Company purchased a equipment for $210,000.
They estimate a useful life of 4 years, residual value is $10,000.
At the end of 2014, the balance in the equipment account will be:(
)
A: $200,000
B: $210,000
C: $150,000
D: $160,000
举一反三
- 中国大学MOOC: A company purchased an equipment by paying $26, 000 cash. When this transaction is recorded, the cash account is debited for $26, 000.
- R company sold old equipment for $25 000. The equipment had a cost of $50 000 and accumulated depreciation of $30 000. The entry to record the sale of the equipment would include a ( ). A: loss on disposal of $25 000 B: gain on disposal of $25 000 C: loss on disposal of $5 000 D: gain on disposal of $5 000
- Oliver Ltd purchased a piece of equipment for $20 000. It paid GST of $2000, shipping charges of $500, and insurance during transit of $200. Installation and testing of the new equipment cost $1000. The total to be debited to the Equipment account is: A: $22 000 B: $22 700 C: $23 000 D: $23 700
- On January 4, 2012, Mary's Cafe acquired equipment for $200,000. The estimated life of the equipment is 8 years or 60,000 hours. The estimated residual value is $10,000. What is the balance in the Accumulated Depreciation account at December 31, 2013 if the straight-line method is used? A: $10,000 B: $25,000 C: $47,500 D: $50,000
- “应付账款”期初余额为100<br/>000元,本期发生应付款200<br/>000元,本期偿还应付款140<br/>000元,则“应付账款”账户的期末余额为(<br/>)元。 A: 300<br/>000 B: 240<br/>000 C: 160<br/>000 D: 40<br/>000