Problem 1DQ: ONeil Office Supplies has a fleet of automobiles and trucks for use by salespersons and for delivery... Problem 2DQ Problem 3DQ Problem 4DQ: Keyser Company purchased a machine that has a manufacturers suggested life of 20 years. The company... Problem 5DQ: Is it necessary for a business to use the same method of computing depreciation for all classes of... Problem 6DQ: a. Under what conditions is the use of the straight-line depreciation method most appropriate? b.... Problem 7DQ Problem 8DQ: Immediately after a used truck is acquired, a new motor is installed at a total cost of 3,850. Is... Problem 9DQ Problem 10DQ Problem 1PEA: A building acquired at the beginning of the year at a cost of 1,450,000 has an estimated residual... Problem 1PEB: Equipment acquired at the beginning of the year at a cost of 340,000 has an estimated residual value... Problem 2PEA: A truck acquired at a cost of 69,000 has an estimated residual value of 12,000, has an estimated... Problem 2PEB: A tractor acquired at a cost of 420,000 has an estimated residual value of 30,000, has an estimated... Problem 3PEA: A building acquired at the beginning of the year at a cost of 1,375,000 has an estimated residual... Problem 3PEB: A building acquired at the beginning of the year at a cost of 1,375,000 has an estimated residual... Problem 4PEA: Equipment with a cost of 180,000 has an estimated residual value of 14,400, has an estimated useful... Problem 4PEB: A truck with a cost of 82,000 has an estimated residual value of 16,000, has an estimated useful... Problem 5PEA: On February 14, Garcia Associates Co. paid 2,300 to repair the transmission on one of its delivery... Problem 5PEB: On August 7, Green River Inflatables Co. paid 1,675 to install a hydraulic lift and 40 for an air... Problem 6PEA: Equipment was acquired at the beginning of the year at a cost of 600,000. The equipment was... Problem 6PEB: Equipment was acquired at the beginning of the year at a cost of 465,000. The equipment was... Problem 7PEA Problem 7PEB Problem 8PEA: On December 31, it was estimated that goodwill of 6,000,000 was impaired. In addition, a patent with... Problem 8PEB: On December 31, it was estimated that goodwill of 4,000,000 was impaired. In addition, a patent with... Problem 9PEA Problem 9PEB Problem 1E Problem 2E Problem 3E Problem 4E: Tri-City Ironworks Co. reported 44,500,000 for equipment and 29,800,000 for accumulated... Problem 5E: Convert each of the following estimates of useful life to a straight-line depreciation rate, stated... Problem 6E: A refrigerator used by a wholesale warehouse has a cost of 64,000, an estimated residual value of... Problem 7E: A diesel-powered tractor with a cost of 90,000 and estimated residual value of 15,000 is expected to... Problem 8E: Prior to adjustment at the end of the year, the balance in Trucks is 296,900 and the balance in... Problem 9E: A Kubota tractor acquired on January 8 at a cost of 85,000 has an estimated useful life of 10 years.... Problem 10E: A storage tank acquired at the beginning of the fiscal year at a cost of 75,000 has an estimated... Problem 11E: Equipment acquired at a cost of 105,000 has an estimated residual value of 12,000 and an estimated... Problem 12E: A building with a cost of 1,200,000 has an estimated residual value of 250,000, has an estimated... Problem 13E: US Freight Lines Co. incurred the following costs related to trucks and vans used in operating its... Problem 14E: Jackie Fox owns and operates Platinum Transport Co. During the past year, Jackie incurred the... Problem 15E: Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20.... Problem 16E: Willow Creek Company purchased and installed carpet in its new general offices on April 30 for a... Problem 17E: Equipment acquired on January 8 at a cost of 168,000 has an estimated useful life of 18 years, has... Problem 18E: Equipment acquired on January 6 at a cost of 375,000 has an estimated useful life of 20 years and an... Problem 19E Problem 20E: Kleen Company acquired patent rights on January 10 of Year 1 for 2,800,000. The patent has a useful... Problem 21E Problem 22E: List the errors you find in the following partial balance sheet: Problem 23E: Amazon.com, Inc. is the worlds leading Internet retailer of merchandise and media. Amazon also... Problem 24E: Verizon Communications Inc. is a major telecommunications company in the United States. Two recent... Problem 25E: FedEx Corporation and United Parcel Service, Inc. compete in the package delivery business. The... Problem 26E: The following table shows the sales and average book value of fixed assets for three different... Problem 27E Problem 28E Problem 29E Problem 30E: On October 1, Bentley Delivery Services acquired a new truck with a list price (fair market value)... Problem 1PA: The following payments and receipts are related to land, land improvements, and buildings acquired... Problem 2PA: Dexter Industries purchased packaging equipment on January 8 for 72,000. The equipment was expected... Problem 3PA: Perdue Company purchased equipment on April 1 for 270,000. The equipment was expected to have a... Problem 4PA: New lithographic equipment, acquired at a cost of 800,000 on March 1 of Year 1 (beginning of the... Problem 5PA: The following transactions and adjusting entries were completed by Legacy Furniture Co. during a... Problem 6PA Problem 1PB Problem 2PB: Waylander Coatings Company purchased waterproofing equipment on January 6 for 320,000. The equipment... Problem 3PB: Layton Company purchased tool sharpening equipment on October 1 for 108,000. The equipment was... Problem 4PB: New tire retreading equipment, acquired at a cost of 110,000 on September 1 of Year 1 (beginning of... Problem 5PB Problem 6PB Problem 1CP Problem 2CP Problem 5CP: Godwin Co. owns three delivery trucks. Details for each truck at the end of the most recent year... Problem 6CP: The following is an excerpt from a conversation between two employees of WXT Technologies, Nolan... format_list_bulleted
