Solved: On jan 1st 2006 a company purchased a fixed asset costing, Accounting Basics

+44 141 628 6080
[email protected]

--%>

On jan 1st 2006 a company purchased a fixed asset costing

Question - On Jan. 1st, 2006, a company purchased a fixed asset costing $128,349, with a residual value of $3,081, and an estimated useful life of 6 years.

What would be the carrying value of this asset on the 12/31/08 Balance Sheet?

The company uses the double declining balance method of depreciation. Round your answer to whole dollars. This is what the answer is supposed to be: 38,029 ± 5.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: On jan 1st 2006 a company purchased a fixed asset costing

Reference No:- TGS02447848

Now Priced at $25 (50% Discount)

Recommended (96%)

Rated (4.8/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Assuming that the data in the file dow jones constitute the

question the dow-jones industrial average djia index is a well-known stock index the index was originally developed in

Q : What are the principles of developing a comprehensive

learning objective manage the scope cost timing and quality of the project at all times focused on project success as

Q : Required prepare quarterly direct materials purchase budget

question - ajax chemical company has estimated that production for the next 5 quarters will bequarter 1

Q : Usa today reports salaries for national football league nfl

question usa today reports salaries for national football league nfl teams the file jaguars contains the salaries for

Q : On jan 1st 2006 a company purchased a fixed asset costing

question - on jan 1st 2006 a company purchased a fixed asset costing 128349 with a residual value of 3081 and an

Q : Select with replacement and list each possible sample of

question consider the following population3nbspnbspnbspnbspnbspnbsp 6nbspnbspnbspnbspnbsp 9a calculate the population

Q : Prepare the liabilities section of the balance sheet using

question - prepare the liabilities section of the balance sheet using the following information on an excel spreadsheet

Q : The larger the minimum efficient scale of a plant relative

the larger the minimum efficient scale of a plant relative to the total global demand the greater the argument for a

Q : There are several theories that explain why juveniles

assignmentthere are several theories that explain why juveniles become delinquent some of the sociological theories

1941987

Questions
Asked

3,689

Active Tutors

1414500

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Female with long term history of crohns disease

34 year old female with long term history of Crohn's disease is experiencing abdominal pain, leucocytosis, fever, and diarrhea.

How prevention of esophageal cancer is best accomplished

Provide ways of how Prevention of esophageal cancer is best accomplished. Select all that apply:

What if female is diagnosed with cholecystitis

A 45-year-old female is diagnosed with cholecystitis. She describes severe sharp pain that comes and goes in the right upper quadrant

What if patient is diagnosed with diabetic retinopathy

69 year old male with long time history of Diabetes Mellitus II is starting to experience significant vision decline and occasional blurred vision

Patient has been treated on and off for symptoms of gerd

Your patient has been treated on and off for symptoms of GERD. A recent esophagogastroduodenoscopy (EGD) reveals esophagitis.

Write a paragraph about nutrition

Problem: Write a paragraph about Nutrition: What is the nutrient composition of banana leaves?

Evaluating a patient who complains of abdominal pain

Problem: You are evaluating a patient who complains of abdominal pain that occurs within 2 hours after eating.