Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 5. equipment of the company with an acquisition co

5. Equipment of the company with an acquisition cost of 6,000 and accumulated depreciation...

80.2K

Verified Solution

Question

Accounting

5. Equipment of the company with an acquisition cost of 6,000 and accumulated depreciation of 1,000 (until 01/01/2021) was destroyed on 01/11/2021 and the insurance company recognized 40%, which it will pay in the future. The annual depreciation rate is 20%.

make the journal entries

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

If 3/(2+ cos θ+i sin θ) = a+ib, then [(a-2)2+b2] is

Basic Math
Q

A heat engine receives an amount of energy Qh= 790 kJ by heat transfer from a...

Physics
Q

Out of the variables provided below: 1) Select one dependent variable, one primary independent variable, and one...

Basic Math
Q

13 Why does the official unemployment rate understate the unemployment problem and what is an...

Biology
Q

A plane traveled 1120 miles to Cheyenne and back. The trip there was with the...

Basic Math
Q

Find the area of a triangle with sides of length 9 and 13 and included...

Calculus
Q

Find the sum of the first four terms of the sequence.2, 2/5,2/25

Algebra
Q

In cell F7, enter a formula without using a function that adds the Loan_Amount to...

Accounting
Q

ErgoNow sells its main product, ergonomic mouse pads, for $11 each. Its variable cost is...

Accounting
Q

Oestion 3 (of 7) E11-8 Recording Treasury Stock Transactions and Analyzing Their Impact [LO 11-2,...

Accounting
Q

On January 1,2025 , Blossom issued $780,000 of 9% serial bonds at par. Semiannual interest...

Accounting
Q

5. The Smiths are insured under an unendorsed Homeowners 3 policy. The home has a...

Finance