Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on december 31,2025 , bramble inc, has a machine w

On December 31,2025 , Bramble Inc, has a machine with a book value of $1,203,200....

60.1K

Verified Solution

Question

Accounting

image
image
On December 31,2025 , Bramble Inc, has a machine with a book value of $1,203,200. The original cost and related accumulated depreciation at this date are as follows. Depreciation is computed at $76,800 per year on a straight-line basis. Presented below is a set of independent situations. For each independent situation, indicate the journal entry to be made to record the transaction. Make sure that depreciation entries are made to update the book value of the machine prior to its disposal, On July 31,2026 , the company donated this machine to the Mountain King City Council. The fair value of the machine at the time of the donation was estimated to be $1,408,000. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)

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

Finance
1.2K views

Federal government deficit financing may have a very great influence on monetary and credit conditions. Explain.

Advance Math
1.2K views

1.Describe all of the homomorphisms from Z20 to Z40. 2.Describe all of the homomorphisms from Z...

Medical Sciences
1.2K views

40. Genetic variation associated with CYP2C19 metabolism confers which of the following phentotype? A. Polymorphic alleles B. Heterozygosity C....

Psychology
1.2K views

Peter Sanders, a member of the Board of Directors of Wheat Growers Corporation (WGC), was getting...

Calculus
1.2K views

Evaluate the integral using only methods taught in class and simplify your answer Do not...

Algebra
1.2K views

Consider the function h x 2 What is the vertex of h h has a...

Accounting
1.2K views

You can compute contribution margin in total using the income statement above. You can also...

Accounting
1.2K views

Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials...

Accounting
1.2K views

he following data were taken from the records of Township Corporation at December 31 of...

Accounting
1.2K views

La empresa Golden Eagle prepara estados financieros mensuales para su banco. El balance de comprobacin...

Accounting
1.2K views

During the year, Wendell Company had net credit sales of $50,000. At the end of...

Finance
1.2K views

Carry out a full strategic analysis of INTEL company, your critical analysis should include: a)...