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-fine 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. A fire completely destroys the machine on August 31,2026 . An insurance settlement of $550,400 was received for this casualty. Assume the settlement was received immediately. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 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

Biology
1.2K views

1/ Could you think of a way to change the parameters in the life table, so...

General Management
1.2K views

Jane is shopping in Texas GunMart when a rifle is being loaded by Anne, one of...

Biology
1.2K views

Corals are small animals that live in colonies in the ocean They build a hard...

Biology
1.2K views

or Strategic Defense Initiative is also known more popularly as Star Wars A EPA B...

Basic Math
1.2K views

n IT Q P IC IT Paragraph Arial BB2 QUESTION 4 Find the sum of...

Calculus
1.2K views

A box company makes a variety of boxes all with volume given by the formula...

Accounting
1.2K views

Question 2 (45 points) Manhattan Ltd. and...

Accounting
1.2K views

Paid RM630 cash for transporting goods bought from Mamaland Sdn. Bhd. Choose two (2) appropriate...

Accounting
1.2K views

1. What happens to the Cost of Goods Sold in the profit and loss report...

Accounting
1.2K views

Qu efecto tendr el siguiente asiento de diario de ajuste en los registros contables? Gasto...

Accounting
1.2K views

On September 30,2023, Sunland Inc. issued $3,170,000 of 10-year, 8% convertible bonds for $3,613,800. The...

Accounting
1.2K views

****** Scenario 1: R&D Tax Credit (Research & Development) A...