Financial & Managerial Accounting homework, Help? - financial & managerial accounting jan rapidshare
Ok. I do not know how the newspaper Post
It's fixed asset transactions, including trade.
The method used double declining balance
1) 9. January, 2006, bought used trucks for delivery of 32,000 dollars, paid in cash
2) January 1, 2007, they bought a new car for $ 57,500 paid in cash
3) 1. July, 2008, a new truck purchased for 60,000, paid in cash
The question is how the transaction log and adj. Tickets?
Note: 1 Explain
2 Type your reply to me
Add a resource that can go. It would be great but not necessary.
Thursday, February 4, 2010
Financial & Managerial Accounting Jan Rapidshare Financial & Managerial Accounting Homework, Help?
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1 comments:
Uh ...
If you have the life of the asset?
If they did, everything must be done, such is life 1/useful X 2 = the depreciation rate (DR).
After purchasing the CD, you multiply the book value (BV) of assets, in this case would cost to secure the reimbursement of costs for the year. Then you get the end of each year, BV and multiply by DR allowance.
Journal entries:
January 9, 2006
32,000 trucks
Cash 32,000
31. December 2006 (depending on what the end of the account of the period)
Depreciation-Truck
Accumulated depreciation
And so on ...
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