2. Nevertire Ltd purchased a delivery van costing $32 000. It is expected to have a residual of $12000 at the end of its useful life of 4 years or 200 000 kilometres. Required Assume the van was purchased on 2 July 2019 and that the accounting period ends on 30 Jun Calculate the depreciation expense for the year 2019-2020 using each of the following

2. Nevertire Ltd purchased a delivery van costing $32 000. It is expected to have a residual of $12000 at the end of its useful life of 4 years or 200 000 kilometres. Required Assume the van was purchased on 2 July 2019 and that the accounting period ends on 30 Jun Calculate the depreciation expense for the year 2019-2020 using each of the following

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Description: *********************************solution**** 2. Nevertire Ltd purchased a delivery van costing $32 000. It is expected to have a residual valueof $12 000 at the end of its useful life of 4 years or 200 000 kilometres.RequiredAssume the van was purch

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ve Pod Brls touche CIHd becorne posit »Activity 7.8 lTHRhe Creets Use the following information to complete the account of Joe Soap, a debtor, in the Debtors Ledger of Munnik Stores for April 2017. Information The following balances appeared, among others, in the books of Munnik Stores: Debtors List on 1 April 2017 Debtors Control C Martin R2 500 Balance R5 000 Joe Soap A Taylor R1 000 Transactions for April 2017 Joe Soap paid half of the amount owed by him on 1 April 2017. 01 Receipt no. 23 was issued to him. Sold goods with a cost price of R480 to Joe Soap on credit (goods are sold at 25% on cost price). Issued invoice no. 15. Joe Soap returned merchandise with a selling price of R50. These 05 goods were invoiced on 5 April. Issued credit note no. 4. Joe Soap bought goods for cash, R500 (cost price, R300). Received a cheque from Joe Soap in full settlement of his account to date and allowed him a 7% discount for prompt payment. Issued 07 12 25 receipt no. 45. Sold merchandise to Joe…
PDE IM-MODULE-3-Account X + file:///C:/Users/user/Documents/QUIJANO,%20JAN%20CLEO%20C/ACCOUNTING/IM-MODULE-3-Accounting-Fundamentals-P1-M.Chan%20(1).pdf Journalizing, Posting and Preparing a Trial Balance After several years with a large accounting firm, Virgie Dal decided to establish her own accounting practice. The following transactions of Virgie Dal, CPA, were completed during May 2012: May 2 Transferred P92,500 cash from a personal savings account to a checking account, Virgie Dal, CPA. Acquired office equipment on account from Gicain Furniture, P36,800. Acquired office supplies on account from Lorenzo Office Supply Company, P17,100. Performed accounting services for Cayaco Computer Company and submitted a bill of P29,200 for those services. Paid for accounting and tax books for use in the practice, P19,500. Paid Lorenzo Office Supply Company, P4,100 on account. Acquired a condominium unit for the accounting practice, P265,000. A down payment of P38,000 was made and issued a note…
Unit 2 Lab Qulz 2305C Question 5 of 25 View Policies Current Attempt in Progress Swifty Company began the year with owner's equity of $29000. During the year. Swifty received additional owner investments o $42400, recorded expenses of $129000, and had owner drawing $7900. If $ wifty's ending owner's equity was $100000, what the company's revenue for the year? $ 207900 $200000. $160233. $165500. Attempts: 0 of 1 used Sevef for tater
Question 4 of 20 Beginning Cash Balance Add O O 10 O O O 10 O 0 0 O O O 0 10 $ -/7.5 E *** SUPPOR
apter 7 Video 1 apter 7 Homework i 7 "art 3 of 3 25 oints https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fm... A eBook Print References 2 Mc Graw Hill Type here to search E # 3 X R F Year 1 2 4 Problem 7-5B (Algo) Part 3 3. Prepare a depreciation schedule for four years using the activity-based method. (Round your "Depreciation Rate" to 3 decimal places and use this amount in all subsequent calculations. Round answers to the nearest whole dollar.) 3 4 Total Xa F4 Question 7 - Chapter 7 Homewo X $ WHILE YOU WAIT COPY Depreciation Schedule Activity-Based End of Year Amounts Depreciation Expense $ S с FS % 5 G 30,450 21,750 21,750 21,750 95,700 F6 O E: 6 T Y Accumulated Depreciation $ H ✈ 30,450 F7 n & 7 Dashboard U J Book Value T 5 9 4 : *+ F12 { C N PrtSc 11 + 11 } Help Save & Exit 1 Insert Delete 206 4¹ Backspace Check my ► 111 Num Lock E 7
finalacial accounting please give me the answer of this question thanks
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Runner Company incurred the following amounts for their most recent pay period for employee gross wages totaling $10,000. Federal income tax withholding $ 2,400 State income tax withholding $ 1,100 Federal unemployment tax $ 800 State unemployment tax $ 1,200 The FICA tax rate is 7.65% and assume that all wages are subject to the FICA tax. How much was employee net pay total for the payroll period? Group of answer choices $ 3,735
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 G1 INPUT Month Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 B X WAC Beginning Balance $ 150,000 ✓ fx 8.600% CPR% PASS_THRU RATE D SMM% WAM Mortgage PMT Expected 360 Interest$ paid to Investors G ASS_THRU RAT Scheduled Principal PMT H 8.000% Estimated Principal Pre-PMT POOL$ Total Principal paid to Investors $ 150,000 Total Cash Flow to Investors Pool Fees PSA M 100