Business, 10.10.2019 03:00 BlackMilkTea
To raise operating funds, national distribution center sold its office building to an insurance company on january 1, 2018, for $800,000 and immediately leased the building back. the operating lease is for the final 12 years of the building’s estimated 20-year remaining useful life. the building has a fair value of $800,000 and a book value of $650,000 (its original cost was $1 million). the rental payments of $100,000 are payable to the insurance company each december 31. the lease has an implicit rate of 9%. required: 1. & 2. prepare the appropriate entries for national distribution center on january 1, 2018 and december 31, 2018, to record the sale-leaseback and necessary adjustments. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 1
Business, 22.06.2019 05:00
Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company is running a pyramid scheme, which is legal. the company has implemented a legal and ethical plan for growth. the company uses this method of compensation to reduce the fee for the product sample kit.
Answers: 3
Business, 22.06.2019 09:40
Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.
Answers: 1
Business, 22.06.2019 14:00
Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $
Answers: 3
To raise operating funds, national distribution center sold its office building to an insurance comp...
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