Question 4 Falcetto company acquired equipment on January 1, 2021, for € 12,000. Falcetto elects to value this class of equipment using revaluation accounting. This equipmer is being depreciated on a straight-line basis over its 6-year useful life. There is no residual value at the end of the 6-year period. The appraised value of the equipmen approximates the carrying amount at December 31, 2021 and 2023. On December 31, 2022, the fair value of the equipment is determined to be €7,000. Required: a) Prepare the journal entries for 2021 related to the equipment. b) Prepare the journal entries for 2022 related to the equipment. c) Determine the amount of depreciation expense that Falcetto with record on the equipment in 2023.

Q: Q6. Suggest a reagent for the following conversion. OH

A: In the conversion shown, the goal is to oxidize a secondary alcohol (2-butanol) to a ketone…

Q: Yuduryhej rjj

A: feel free to ask me any question within my capacity and I'm willing to help.

Q: I'd like the 1st question answered please for problem 23

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: Question 4 a/ Which three term structure facts should a good theory explain?

A: A good theory of the term structure of interest rates should explain the following three facts:

Q: d. Calculate the amount of cash Heidi's paid suppliers of retail merchandise, which includes the…

A: Statement of cash flow: It refers to a financial statement that shows all the cash payments and…

Q: 88 MULTIPLE CHOICE Question 7 Listen What is the inverse of the one-to-one function? A f¹(x) = x-5 3…

A: Step 1: SolutionGiven function: f(x)=3x+5We have to find what is the inverse of the one-to-one…

Q: mni.4 answer must be in proper format or i will give down vote

A: Approach to solving the question: post the question  Detailed explanation: Post the question and the…

Q: Can solve question 4 to 7?

A: Salary of the Darnell Johnson = 63500Contribution by his employer toward the retirement plan = 6% of…

Q: 1:23 Suppose that following is true. 2 √x² + 7 if x ≤ 0 if 0 < x < 1 8x²-7 if x≥1 f(x) = x What is…

A:

Q: sorry I meant answer e4 is coming back incorrect

A:

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: 1 . F r e d O n g k e k o w i s h e s t o h a v e P 4 M i n a r e t i r e m e n t…

A: 1. PV = A * 1-(1+r)-nr where , PV  =  present value of annuity A = periodic withdrawals r = interest…

Q: True or False: Monte Carlo analysis predicts particular events. O True O False

A: Instead of making a single prediction, the Monte Carlo method presents multiple possibilities with…

Q: im.2 answer must be in proper format or i will give down vote

A: When it comes to writing essays or papers, this are the things you have to consider: FORMAT:1.…

Q: Explanation 1031 like-kind exchange

A:

Q: Question 8 Listen Use composition to verify if f(x)=√x+4 and g(x) = x²-4 are inverses. What are the…

A: f(x) = √(x+4)  g(x) = x2-4if f(g(x));f(g(x)) = √((x2-4) + 4)f(g(x)) = √x2f(g(x)) = x if…

Q: For what values of x is f(x) NOI differentidue:

A: At x=1 the given function is NOT DIFFERENTIABLE.  Because, at x=1 the value of the function is…

Q: 29. A residential property is assessed for tax purposes at 39% of its market value. The residential…

A: Because you have posted multiple questions, wew ill answer the first question only, for the…

Q: Max E(U)= E(rc)-.5A o² (rc) y* E(rp)-r Ασ, What if A4, then y*= E(r) = σ(rd) = w

A: Step 1:  To solve the problem , we need to use the given formula for the optimal portfolio weight…

Q: Project b npv is incorrect. MIRR is wrong for A and B.

A:

Q: x8=h 0817×1= h

A: y= 4x + 180 y= 8x   To solve above equations to find the value of x and y

Q: (d) On what basis should management select from these two methods to depreciate the machine? Justify…

A: The management should opt for reducing balance method of depreciation for the above scenario: This…

Q: 1= 2(1+g) or D1 = 2? Why?

A: Companies pay dividend to shareholder out of net income but some of earnings are retained for the…

Q: 4. What is sensitivity analysis?

A: What Is Sensitivity Analysis?

Q: Question 5 Listen Looking at the graphs of the two functions below, can you state which of the…

A: The properties of functions we are going to use are:1. (f+g)(x)=f(x)+g(x)2. (f-g)(x)=f(x)-g(x)3.…

Q: A7 please help[.....

A: A waterfall chart is a form of data visualization that helps in understanding the cumulative effect…

Depreciation Methods

The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.

Depreciation Accounting

In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.