Ram and co purchased machinery for 21000

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Webb7 okt. 2024 · On 1st April 2010 plant and machinery was purchased for rs120000 new machinery was purchased on 1st Oct 2010 for rs50000 and on 1st July 2011 for 25000 On 1st Jan 2013 machinery of original value of rs20000 which was included in the machinery a/c for three years after providing depreciation at 10%p.a. on straight line method … Webb29 aug. 2016 · ram co purchased a machinery for rs 21000 on 1st april 2014 the estimated life of the machinery is 10 years after which its residual value will be rs 1000 only find the amount of annual depreciation according to the fixed instalment method - Accountancy - Depreciation Provisions and Reserves

Solved A company purchased a machine for $700,000. The - Chegg

Webb1 jan. 2014 · Sutherland Company purchased machinery for $1,120,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $70,000 salvage value … WebbOn 1st April, 2015, X Ltd. purchased a machine costing Rs. 4,00,000 and spent Rs. 50,000 on its installation. The estimated life of the machinery is 10 years, after which its … steve cloud transwestern

Solved Sutherland Company purchased machinery for $1,120,000 Chegg…

WebbWenner Furnace Corp. purchased machinery for $279,000 on May 1, 2024. It is estimated that it. will have a useful life of 10 years, residual value of $15,000, production of 240,000 … WebbJohn & Co. purchased machinery for $21,000 on 1st April 2024. The estimated life of the machinery is 10 years, after which its residual value will be $1,000 only. Find the amount of Annual Depreciation according to the Fixed Installment Method. Question. Question 6. WebbThe machine has an estimated useful life of five years and a salvage value of $200,000. The machine is being depreciated from the date of acquisition by the 150% declining … pisgah national forest t shirt

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WebbThe machine has a salvage value of $20,000 and a 5-year useful life. Cox expects the machine to run for 15,000 machine hours. The machine was actually used for 4,200 … Webb20 apr. 2024 · 1. Prepare journal entries to record the machine's disposal under each of the following separate assumptions: a. Record the sale of the used machine for $21,000 cash. b. Record the sale of the used machine for $84,000 cash. c. Record the insurance settlement received of $31,500 resulting from the total destruction of the machine in a fire. steve clothier wisconsinWebbStudy with Quizlet and memorize flashcards containing terms like Sheffield Corp. purchased a depreciable asset for $360,100. The estimated salvage value is $33,200, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset? a) $326,900 b) $360,100 c) $36,010 d) … steve clitheroe

"WebbOn January 1, 2024, Truesdale, Inc., purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine was expected to produce a total of 60,000 units during its life. The machine actually produced 16,000 units during 2024, 23,000 units during 2024, and 21,000 units during 2024. " - Ram and co purchased machinery for 21000

Ram and co purchased machinery for 21000

Ram&co.purchased a machinery for ₹21000 on … Homework …

WebbPiazza Co. purchased a machine on July 1, 2024, for $1,000,000. The machine has an estimated useful life of five years and a salvage value of $200,000. The machine is being depreciated from the date of acquisition by the 150% declining-balance method. For the year ended December 31, 2024, Piazza should record depreciation expense on this … Webb9 sep. 2024 · Ram&Co. purchased a machinery for 21,000 on 1st April, 2024. The estimated life of the machinery is 10 years, after which its residual value will be 1,000 …

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WebbThis problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Question: A company purchases machinery for … Webb1 jan. 2014 · Bogle Company purchased machinery for $320,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $20,000 salvage value and a 5 …

Webb29 okt. 2024 · Ram \& Co. purchased machinery for マ 21,000 on 1st April, 2024. The estimated useful life of the machinery is 10 years, after which its realisable value will be … Webb6 dec. 2024 · Sutherland Company purchased machinery for $1,120,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $70,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2024 at a gain of $21,000. How much cash did Sutherland receive from the sale of the machinery? a. $161,000. b. $189,000. c. …

WebbBhushan & Company purchased a Machinery on 1st April, 2015, for ₹ 54,000 and spent ₹ 6,000 on its installation. On 1st December, 2016, it purchased another machine for ₹ 30,000. On 30th June 2024, the first machine purchased on 1st April, 2015, is sold for ₹ 36,000 and on the same date it purchased a new machinery for ₹ 80,000. Webb1 jan. 2014 · Transcribed image text: Sutherland Company purchased machinery for $1,120.000 on january 1,2014 Sraight-line depreciation has been recorded based on a …

Webb1 jan. 2014 · Sutherland Company purchased machinery for $1,120.000 on january 1,2014 Sraight-line depreciation has been recorded based on a $70,000 salvage value and a S yearusetu e The mahney was sold on May 1,20 21,000. How much cash did Sutherland receive from the sale of the machinery at a ain 5161,000 5189.000. 231,000 301.000

Webb29 aug. 2016 · ram co purchased a machinery for rs 21000 on 1st april 2014 the estimated life of the machinery is 10 years after which its residual value will be rs 1000 only find … pisgah national forest waterfall trailsWebb12 nov. 2024 · Depreciation Que 2 ram & co. purchased a machinery for Rs. 21000 Depreciation class 11 Ts grewal solutions Zafar Sir . 279 subscribers Subscribe 12 330 … steve clouse sawsWebbRam & Co. purchased machinery for Rs. 21,000 on 1 st April, 2024. The estimated life of the machinery is 10 years, after which its residual value will be Rs. 1,000 only. Find the … steve cloudy with achance of meatballs gifWebbOption (B) is correct. There is a loss because the machine is junked. The loss will be of amount of carrying value of the machine. Total loss = Carrying value of th …. View the full answer. Transcribed image text: A company purchased a machine for $700,000. The accumulated depreciation on the machine is now $120,000. The machine is junked. pisgah national forest webcamsWebbOn January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000. Complete the necessary journal … pisgah national forest waterfalls mapWebb24 okt. 2024 · Ram & Co. purchased machinery for 21,000 on 1st April, 2024. The estimated useful of the machinery is 10 years, after which its realisable value will be … steve clough auto bodyWebbOn January 1, 2024, the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life.Required:Calculate depreciation for 2024 and 2024 using each of the following … steve c mitchell epa sports photos 2007