Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blossom company changed in 2025 from double-declin

blossom company changed in 2025 from double-declining balance to straight-line. depreciaition prior to 2025 under...

80.2K

Verified Solution

Question

Accounting

blossom company changed in 2025 from double-declining balance to straight-line. depreciaition prior to 2025 under double-declining balance was 89,400 whereas straight-line depreciation prior to 2025 would have been 49,600 blossom depreciable assets had a cost of $257,400 with a 42,400 salvage value, and an 8-year remaining useful life at the beginning of 2025. prepare 2025 journal entry, if any, related to Blossom's depreciable assets

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Rhodesian Ridgebacks are known for the distinguishing feature of the ridge of hair running along their back...

Basic Math
1.2K views

A real estate agent wants to study the relationship between the size of an apartment and its...

Accounting
1.2K views

Whitelands, Inc. had $100 of cash and shareholders’ equity as the result of its initial sale...

Physics
1.2K views

21 How much total heat is required to transform 1 46 liters of liquid water...

Geometry
1.2K views

8 Find the circumference Leave your answer in terms of T 5 7 cm OA...

Geometry
1.2K views

At a restaurant, the bill comes to $50. If you decide to leave a 17%...

Calculus
1.2K views

Find a second solution of each differential equation using the reduction of order formula 7...

Accounting
1.2K views

Use the following information...

Accounting
1.2K views

Contribution to the American Lung Association $ 600 Contribution to Habitat for Humanity...

Accounting
1.2K views

Describe three transactions that will directly affect cashflow but not profit (clearly explaining why profit...

Accounting
1.2K views

Brief Exercise 216 using the following selected items from the comparative balance sheet o Kat...

Accounting
1.2K views

Can you explain the concept behind Cash and Sales discount? 1) Which account is debited...