Call us 24/7: + 1(925)399 0085

Get your paper done by an expert

No matter what kind of academic paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcer. Save more time for yourself.

WhatsApp + 1(925)399 0085
$ 10
free
  • bibliography
  • title page
  • revisions
per page
19 k happy customers
4.7 out of 5 satisfaction rate
27 writers active

acct DQ

1

Class – PP&E, also known as plant assets, are important to the operation of any business as you might imagine.

 

Using the guidance above, consider what assets are needed to run the business and consider how you might actually pay for them?

 

2

In the spotlight about FedEx Corporation, you get a feel for the amount of investment in assets and the resulting liabilities that are required to operate a competitive corporation. Even small businesses require plant, property, and equipment to compete and normally rely on some form of debt to finance themselves. Let’s start up a company that sells auto parts, like Napa or Auto Zone. What assets would we require? How might we finance them? 

 

3.

what is depreciation? What are the different methods and when would each be appropriate? How do we apply this concept to natural resources? Intangibles?

 

4,

he unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of Anderson Production Company follows.

 

                               Anderson Production Company
         
Account            Unadjusted

         Trial Balance

From the Adjusted

    Trial Balance

Cash          14,100      
Prepaid rent                800      
Equipment          42,000      
Accumulated depreciation           3,400    
Accounts payable           5,100    
Salary payable        
Unearned service revenue           9,100    
Income tax payable        
Notes payable, long-term   16,000    
Common stock           8,600    
Retained earnings           8,500    
Dividends            1,400      
Service revenue        13,200        19,500
Salary expense            4,300           4,600  
Rent expense            1,300           1,600  
Depreciation expense                700  
Income tax expense             1,500  
Total          63,900

  63,900

           8,400      19,500

Journalize one of the adjusting and one of the closing entries of Anderson Production Company at December 31. Note that there was only one adjustment to Service Revenue.

 

 

 

5

This is a good exercise to practice recording the cost of plant assets.

Paul

E7-15A  Murphy Self Storage purchased land, paying $150,000 cash as a down payment and signing a $180,000 note payable for the balance. Murphy also had to pay delinquent property tax of $2,500, title insurance costing $5,500, and $5,000 to level the land and remove an unwanted building. The company paid $54,000 to add soil for the foundation and then constructed an office building at a cost of $750,000. It also paid $51,000 for a fence around the property, $11,000 for the company sign near the property entrance, and $2,000 for lighting of the grounds. What is the capitalized cost of each of Murphy’s land, land improvements, and building?

 

 

Our guarantees

Study Acers provides students with tutoring and help them save time, and excel in their courses. Students LOVE us!No matter what kind of essay paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcers. Save more time for yourself. Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Our Homework Writing Disciplines

With a highly diverse team in almost all academic fields including:


Warning: Invalid argument supplied for foreach() in /home/acemfljg/public_html/wp-content/themes/essay-writing/footer.php on line 12