Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. these are the things i need to fix. please assist.

These are the things I need to fix. Please assist. Equipment sold - need to...

90.2K

Verified Solution

Question

Accounting

These are the things I need to fix. Please assist.

Equipment sold - need to adjust 2022 depreciation since the asset wasn't sold in the last year of its life 2017 Machinery - wrong depreciation percentage 2017 Computer - wrong depreciation percentage 2018 Computer - wrong depreciation percentage 2022 Equipment - wrong depreciation percentage 2022 Equipment - wrong depreciation percentage

imageimageimageimageimage Property/Plant/Equipment \begin{tabular}{lrrrr} & \begin{tabular}{c} Date \\ Purchased \end{tabular} & Cost & \multicolumn{1}{c}{\begin{tabular}{c} Date \\ Sold \end{tabular}} & \multicolumn{1}{c}{\begin{tabular}{c} Sales \\ Price \end{tabular}} \\ Equipment & 11/1/2016 & 10,000 & 11/30/2022 & 20 \\ Machinery & 8/1/2017 & 25,000 & 10/3/2022 & 5,000 \\ Computer & 10/1/2017 & 2,000 & & \\ Computer & 7/25/2018 & 3,000 & & \\ Equipment & 10/31/2022 & 20,000 & & \\ Equipment & 11/15/2022 & 15,000 & & \end{tabular} TAX DEPRECIATION Half-Year Convention TAX DEPRECIATION Mid-Quarter First Quarter Mid-Quarter Second Quarter TAX DEPRECIATION Mid-Quarter Third Quarter

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

Accounting
1.2K views

Selected sales and operating data for three divisions ofdifferent structural engineering firms are given...

General Management
1.2K views

Case M23 -- Excellence in Corporate Training EXCEL Learning, Inc. was founded in 1988 by Dan Robinson,...

Accounting
1.2K views

Avoid brevity and no handwriting. Thanks in advance 1. Describe the parts of the standard unqualified...

Biology
1.2K views

Question 2 Points 1 What marked the beginning of the Great Depression The collapse of...

Physics
1.2K views

A symmetric star shaped conducting wire loop is Carrying a steady state current I as...

Basic Math
1.2K views

K List all the two element subsets of the following set 4 8 12 16...

Basic Math
1.2K views

Solve the system for x and y, expressing either value in terms of a, if...

Statistics
1.2K views

Suppose a simple random sample of size n 12 is obtained from a population with...

Calculus
1.2K views

Water Pressure in the oceam is a linear function of depth below the surface At...

Algebra
1.2K views

The half life of nitrogen 13 is approximately 9 97 minutes Step 1 of 3...

Accounting
1.2K views

The deduction for private mortgage insurance is entered on _____________________. Form 1040. Schedule 1. Schedule...

Accounting
1.2K views

Check my Required information (The following information applies to the questions displayed below.] Davidson Yachts...