Accumulated amortization journal entry
[DOC File]CHAPTER 17
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Accumulated Other Comprehensive Income (equity) 234. Additional Pension Liability 258. If the simplifying assumption is not made, then the changes in balances from 2003 suggest that the following journal entry was made: Accumulated Other Comprehensive Income (equity) 108. Deferred Pension Cost (intangible asset) 2. Additional Pension Liability ...
[DOC File]ANSWERS TO QUESTIONS
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The journal entry to record this transaction is as follows: ... 2007 Franchise, net of accumulated amortization of $5,870 (Schedule 1) $52,830 Patent, net of accumulated amortization of $1,700 (Schedule 2) 11,900 Trademark, net of accumulated amortization of $5,840 (Schedule 3) 34,320 Total intangible assets $99,050 Schedule 1 Franchise Cost of ...
[DOC File]Chapter 12 Group Work - Tech
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Prepare the journal entry to record 2018 amortization on the Patent. $170,000 = $21,250 * 4 yrs = $85,000. 8 yrs ($170,000 - $85,000 + $65,000) = $12,500 Amortization Exp.for 2010 and each yr beyond . 12 yrs. Amortization Expense $12,500. Accumulated Amortization $12,500
[DOC File]Accounting for Fixed Assets.
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Journal entries are formed by crediting groups 2420, 2740, 2720 "Depreciation of Fixed Assets and Amortization of Intangible Assets" in the correspondence with account which should carry depreciation charges of one particular object of Fixed Assets and Intangible Assets. Debit. 7110, 7210, 8114 Credit
[DOC File]Chapter fourteen
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Prepare the journal entry to record income taxes at 12/31/2001. Alera Corporation began operations on January 2, 2000. The company sells computer related equipment, with a two-year warranty on all products sold. The company estimates that 5% of the computers sold will require some warranty repair and that the average repair cost will be $100 ...
[DOC File]CHAPTER 21
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The account balance (accumulated amount) is a part of accumulated other comprehensive income shown in stockholders’ equity on the balance sheet. PENSION WORKSHEET. Step 1: Enter the beginning balances in the columns. The net balance of the general . journal columns must equal the net balance of the memo record columns.
[DOC File]P12-6 (Comprehensive Intangible Assets) Montana Matt's ...
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May 08, 2010 · Instructions (a) Prepare the intangible assets section of Montana Matt's Golf Inc. at December 31, 2009. How much amortization expense is included in Montana Matt's income for the year ended December 31, 2009? Show all supporting computations. (b) Prepare the journal entry to record amortization expense for 2010.
[DOC File]f01.justanswer.com
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Prepare the journal entry to record the purchase of this truck. (Round answers to 0 decimal places, e.g. 5,275. 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.)
[DOC File]Chapter 10 -12 Review Questions
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This truck will have a useful life of 250,000 km. Calculate the yearly amortization using the units-of-activity method if: Year one: 30,000 km. Year two: 15,000 km. A piece of machinery has a historical cost of $30,000 and Accumulated Amortization of $27,000. Prepare the journal entry if: The machinery is thrown out. The machinery is sold for ...
[DOC File]CHAPTER 20
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Accumulated benefit obligation 1,930,000 2,620,000. Accumulated OCI – (PSC) 540,000 300,000. The service cost component for 2011 is $150,000 and the amortization of prior service cost is $240,000. The company's actual funding of the plan in 2011 amounted to $510,000.
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