end of a five-year life. The lathe was sold on March 31‚ 2011‚ for $17‚000. Howarth uses the straight-line depreciation method for all of its plant and equipment. Partial-year depreciation is calculated based on the number of months the asset is in service. Prepare the journal entry to record the sale. Assuming the company’s year end is March 31. Depreciation for 2007-08: ((80000-5000)/5) X 9/12 = 11250 Depreciation for 2008-09: ((80000-5000)/5) = 15000 Depreciation for 2009-10: ((80000-5000)/5)
Premium Depreciation 1920
locations‚ marketspaces use technology to eliminate this constraint (by being online). 2. List the components of a marketspace. A marketspace consists of the following components: customers‚ sellers‚ goods‚ infrastructure‚ a front end‚ a back end‚ intermediaries/business partners and support services. 3. Define a digital product and provide five examples. Digital products are goods that can be transformed to digital formats and delivered over the Internet. Examples of digital products would
Premium Electronic commerce Online shopping Auction
MANAGEMENT OF THE CASH POSITION by Bernie J. Grablowsky Modem cash management methods‚ especially those usually presented in college textbooks and classrooms‚ are generally neither understood by most small-business managers nor applicable to the vast majority of their businesses. Not only do these managers often have difficulty in comprehending sophisticated forecasting techniques‚ but the cash flows of their companies are usually dependent upon fewer customers and a smaller number of product lines
Premium Cash flow Cash Small business
Each character in This Boy’s Life demonstrates the struggle to find a sense of identity.’ Discuss. Young people are most often guided by their parents and guardians of what they should or shouldn’t do. However‚ some unfortunate ones are left alone to find their own paths. In their search of making their own identity‚ some young people choose to fight against all obstacles to reach goals that will lead to a successful fortune‚ while some will walk an uneasy way and repeat themselves in the misery
Free Tobias Wolff Romeo and Juliet Romeo Montague
having sufficient amount of capital‚ cash is the most important source of every aspect of investment. To improve the performance of the business as well as to introduce new business opportunity in the organization cash is very important. Since cash is the most powerful working capital component‚ the collection and payment of cash must be studied carefully. Therefore‚ this project tries to show how cash is controlled and managed by taking United Bank S.Co. as a representative from the real world practice
Premium Banking Cash flow Balance sheet
Social Carrying Capacity The use of parks and protected areas by visitors creates concern about appropriate levels of use because there are limits that define how much pressure from outside forces an ecosystem can endure before it experiences degradation‚ and there are thresholds that define visitor experiences. When researchers‚ park authorities‚ and policy makers are trying to determine appropriate usage levels of specific areas‚ they frequently rely on the rationale of carrying capacity‚ including
Premium National Park Service
Compare and contrast This Boy’s Life and The Odyssey as a journey story. This Boy’s Odyssey As the story of Jack progresses in This Boy’s Life by Tobias Wolf‚ general situations of which Jack is dealing with coincides with situations and events also depicted in the epic The Odyssey written by Homer. Both stories are written in a sense of progress. They are strongly alike and in alike in various forms of features and aspects in which the story lines fall into. In This Boy’s Life‚ Jack and his mother
Free Odysseus Odyssey Trojan War
10 of the Greatest Marketing Innovations in the Past 10 Years What we love about marketing is that it is a continually in a state of evolution. From email and mobile to the real-time web‚ to social acquisition and personalization capabilities‚ marketing technology innovates and improves. Through all of this‚ the best marketing innovations find ways to improve an organizations ability to foster and develop relationships with customers and prospects. In celebrating Neolane’s 10 years of marketing
Premium Marketing
Over Population Name: Instructor: Course: DATE: Healthcare 5‚ 10‚ and 15 years from now Given the rapid changes in the world today‚ global healthcare and the United States in particular is expected to change over the next two decades. Since the year 1994‚ a period that witnessed the failure of healthcare reforms‚ there has been an escalation in cost coupled with poor quality. Moreover‚ more Americans have become uninsured. With the healthcare sector in the US facing different hurdles and
Premium Health care in the United States Electronic health record United States
Robert Buckman 7/28/10 Using a Cash Budget for Planning Purposes Introduction Let me begin by explaining what a cash budget is. A cash budget is a tool that helps individuals and companies forecast a short term financing needs. Investopedia defines a cash budget as‚ “an estimation of the cash inflows and outflows for a business or individual for a specific period of time.” (Cash Budget) A cash budget is used to determine the borrower’s ability to generate cash and repay debt. A cash budget also provides
Premium Cash flow Generally Accepted Accounting Principles Financial statements