subject
Business, 31.07.2020 03:01 naomicervero

Oki Company pays $264,000 for equipment expected to last four years and have a $29,000 salvage value. Prepare journal entries to record the following costs related to the equipment. Paid $22,000 cash for a new component that increased the equipment’s productivity. Paid $6,250 cash for minor repairs necessary to keep the equipment working well. Paid $14,870 cash for significant repairs to increase the useful life of the equipment from four to seven years.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 16:30
Which is the correct expansion of the term internet? a. internetwork b. institutional network c. instructional network d. international network
Answers: 2
question
Business, 21.06.2019 23:30
As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to
Answers: 2
question
Business, 22.06.2019 10:20
Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.
Answers: 1
question
Business, 22.06.2019 13:30
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
You know the right answer?
Oki Company pays $264,000 for equipment expected to last four years and have a $29,000 salvage value...
Questions
question
Mathematics, 20.11.2020 19:30
question
Mathematics, 20.11.2020 19:30
question
Mathematics, 20.11.2020 19:30
question
History, 20.11.2020 19:30
Questions on the website: 13722360