Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. p9-3a journalize entries for disposal...

P9-3A Journalize entries for disposal...

50.1K

Verified Solution

Question

Accounting

image
P9-3A Journalize entries for disposal of plant assets (LO 3). AP Pine Company had the following assets on January 1,2017 teaC Cost Purchase Date Usefal Life (in years) Salvage Value Machinery $71,000 Jan. 1, 2007 0,000 Jan. 1.2014 Track:33 400a2012 10 3,000 During 2017, each of the assets was removed from service The machinery was retired on January 1 The forklift was sold on June 30 for $12,000. The truck was discarded on December 31 Instructions Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31. 2016

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You are coaching a little league team and are playing a double-header on a very hot...

Medical Sciences
Q

A hollow fiber membrane separator with a nominal molecular weight cutoff of 100,000 is fed a...

Biology
Q

Prove 1. For all A, B ? Mmn and scalar a, we have A + B, aA...

Advance Math
Q

Tanner-UNF Corporation acquired as a long-term investment $300 million of 10% bonds, dated July 1, on...

Accounting
Q

7 10 points Let ABCD be a parallelogram 3 DE EC 2 DF 3 FB...

Geometry
Q

32 answer Simplify this number and write the answer in appropriate scientific notation with the...

Basic Math
Q

By hand convert the decimal number 21 625 to a a binary number b a...

Basic Math
Q

You go to We Love Math Ice Cream Shop where they identify their cone selections...

Algebra
Q

Part One Taylor Tools uses the lower-of-cost-or-NRV method to value its inventory. Taylor...

Accounting
Q

The citation, Kean v. Comm'r, 407 F.3d 186 (CA3, 2005), 2005-1 USTC 50,397, indicates that...

Accounting
Q

This year Evan graduated from college and took a job as a deliveryman in the...

Accounting
Q

A country government and a legally separate organization the sports stadium authority entered into an...

Accounting