In the 01 July 2016, Samsung Ltd acquired the machine A by $1,502,000. Estimated useful life is 10 years, estimated residual value is $2,000. Company uses straight-line method for depreciation. From 2019, Samsung Ltd measure the machine A by the revaluation model. At 30 June 2019, machine A was revalued to $ 1,400,000. After one year, at 30 June 2020, machine A was revalued to $1,000,000. At 30 June 2021, machine A was revalued to $1,500,000. Required: Prepare the journal entries from 01 July 2016 to 30 June 2021. (using both method for revaluation)

Answers

Answer 1

a) Samsung Ltd will record these Journal Entries from July 2016 to June 30, 2021, using the straight-line and revaluation methods of depreciation:

July 1, 2016 Debit Equipment $1,502,000

Credit Cash $1,502,000

To record the purchase of the machine A.

June 30, 2017 Debit Depreciation Expense $150,000

Credit Accumulated Depreciation $150,000

To record the depreciation expense for the first year.

June 30, 2018 Debit Depreciation Expense $150,000

Credit Accumulated Depreciation $150,000

To record the depreciation expense for the second year.

June 30, 2019 Debit Accumulated Depreciation $300,000

Credit Revaluation Reserve $300,000

To close the accumulated depreciation to Revaluation Reserve.

June 30, 2019 Debit Revaluation Reserve $198,000

Credit Revaluation Surplus $198,000

To record the Revaluation Surplus.

June 30, 2020 Debit Revaluation Expense $400,000

Credit Revaluation Reserve $400,000

To record the revaluation loss.

June 30, 2021 Debit Revaluation Reserve $500,000

Credit Revaluation Surplus $500,000

To record the revaluation surplus.

Data and Calculations:

Cost of machine on July 1, 2016 = $1,502,000

Estimated Residual Value = $2,000

Depreciable amount = $1,500,000

Estimated useful life = 10 years

Based on the straight-line method the depreciation expense for each year = $150,000 ($1,500,000/10).

Value of Machine at:

June 30, 2019 - $1,400,000

June 30, 2020 = $1,000,000

June 30, 2021 = $1,500,000

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Related Questions

Please take a look at the picture

Answers

Answer:

A and B

Step-by-step explanation:

They both have the same numbers and at least one of the given numbers is negative.

Hope this helps :)

I need to find out the answer for this problem...

Answers

Answer:

where is the problem to solve. please tell me

solve pls brainliest

Answers

Answer:

4 cm

Step-by-step explanation:

Where 7 cm is located is parallel to the side of 11cm

11-7 is 4cm.

Hope that helps!

please help i am stuck

Answers

Explanation:

All of these are done the same way.

1. Set your compass to a distance slightly longer than the distance from the point to the line you want the perpendicular to.

2. Using the point as a center, draw an arc that intersects the line in 2 places. Consider those points to be "P" and "Q".

3. You can leave the compass as is, or set it to any other distance longer than half the distance between P and Q. Using this radius, and using P and Q as centers, draw intersecting arcs on the other side of the line from the original point. Consider the intersection of those arcs to be point "R".

4. A line through the original point and point R will be perpendicular to the line, as you want.

_____

In problem 1, the point and line are obvious.

In problem 2, the point is the vertex opposite the line of interest. (There will be 3 similar constructions.)

if there are 60 houses and every house have one kid and there's 30 parts how much kids will have to go to each Park

Answers

Answer:

2 parks

Step-by-step explanation:

Answer:

20

Step-by-step explanation:

There would be 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20

1) Write a system of equations to describe the situation below, solve using any method, and
fill in the blanks.
)) Erin is training for a triathlon and needs to swim a certain distance for today's workout.
If she swims at the rec center pool, she will complete a 239-meter warmup and then swim
laps in a lane that is 32 meters long. If Erin swims at the indoor pool at her gym, she will
complete a 223-meter warmup, plus a main set that consists of 33 meters per lap. If Erin
swims the correct number of laps, she can complete the same distance in either pool. How
many laps will that take? How long will Erin's workout be in total?
Erin swims
meters
laps at either pool, she can complete a total workout of

Answers

this situation can be represented by

y = 33x + 223

y = 32x + 239

I still like substitution, so let’s plug in 33x + 223 into the second equation

33x + 223 = 32x + 239

Move the terms into appropriate sides

33x - 32x = 239 - 223

Combine like terms

x = 16

Then plug in x for any equation

y = 32(16) + 239

y = 751

Erin will have to swim 16 laps for a total of 751 meters

Ophira’s insurance company has notified her that her premiums will increase due to a poor insurance score and a recent claim she filed. The recent claim has increased her premiums by 41%, and her poor insurance score will cost her an additional $25 per month. Ophira currently pays $815 per year for insurance. How much will she pay next year?


$1149.15
$1672.15
$1449.00
$1449.15

Answers

Answer:

$1449.15

Step-by-step explanation:

currently paying 815

to pay next year: 41% increase + 25 extra per month

⇒ 141%·815 + 12·25

    = 1149.15 + 300

    = 1449.15

Which irrational number is represented by point D? A) V175 B) V250 ) 1392 D) 440​

Answers

Answer:

c that is the answer yes .

Answer:

Step-by-step explanation:

c       i took the k121 online quiz in progress learning

PLEASE NO LINKS DONT WASTE YOUR TIME IM NOT GONNA CLICK. Use the graph of the polynomial function to find the factored form of the
related polynomial. Assume it has no constant factor.

Answers

Answer:

B.

Step-by-step explanation:

factored form actually contains the x intercepts right in it. Basically whatever sets the whole equation equal to zero.

On the graph you can see that it passes through both positive and negative 4. so (x+4)(x-4) is the answer because plugging in 4 for x will make it zero. Same for plugging in negative 4

Hope this helps!

left parenthesis negative 2 minus 4 right parenthesis plus left parenthesis 5 minus 10 right parenthesis minus 6 left parenthesis 3 right parenthesis

Answers

Answer:-29

Step-by-step explanation:

(-2-4)+(5-10)-6(3)

-6+-5-18

Solve the inequality -3p + 7 < -2p+8​

Answers

p  >  −  1

............................................................................................

What is the solution of the system of equations?

Answers

your desmos graph is really weird as the point is between 4 and 8 but with the one y=-x+5 we can see that the y intercept is 5 and the x value is 0

so the point is 0,5

6. Simplify: -7(3x) + 2(3x – 2). What is the value of the expression if x = 4​

Answers

Answer:

its x

Step-by-step explanation:sus?

The temperature at the North Pole averages -36࿁F. This past winter, the temperature averaged -47࿁F. Write a correct statement that compares the absolute values of the two temperatures

Answers

Comparing the temperature average, it can be concluded that the current average temperature is higher than the past average by 11°F

The temperature difference between the present and past winter can be expressed thus :

Current temperature average = - 36°F Past average = - 47°F

Temperature difference :

-36 - (-47) = 11°F

Therefore, we can conclude that the current average temperature is higher than the past average by 11°F

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Brainliest if correct 

Answers

Answer:

a b

They both are a type of currency from different countries in order to purchase things

Please look the picture

Answers

C, 380 is the difference in the number of followers Rossana has and the number of followers Ty has.

What is rhe relationship between a centimeter and a meter?

Answers

Answer:

A meter is 100x bigger than a centimeter.

Step-by-step explanation:

1 meter = 100 centimeters

Answer:

1metre=100 centimeter

Step-by-step explanation:

that is the relationship between centimeter and metre

Mia, jade, and Amelia sell car wash tickets. Jade sells 8 more tickets then Mia. Amelia sells twice as many tickets as Mia. The friends sell a total of 296 tickets. How many tickets does each friend sell?

Answers

Answer:

Mia sold 72 tickets, Jade sold 80 tickets, and Amelia sold 144 tickets.

Step-by-step explanation:

You can solve this question by coming up with equations for each friend and then substituting them into the equation M + J + A = 296

Jade sells 8 more tickets than Mia, so Jade's equation for how many tickets she sold is the amount of tickets that Mia sold + 8:

J = M + 8

Amelia sells twice as many tickets as Mia, so her equation is the amount of tickets Mia sold * 2:

A = 2 * M

Now we can substitute these equations into the overall one.

M + (M + 8) + (2M) = 296

Now we can combine like terms and solve for M.

2M + 8 + 2M = 296

4M + 8 = 296

4M = 288

M = 72

We now have the amount of tickets Mia sold, so we can insert this number into the equations for Amelia and Jade.

J = M + 8

J = 72 + 8

J = 80

A = M * 2

A = 72 * 2

A = 144

So Mia sold 72 tickets, Jade sold 80 tickets, and Amelia sold 144 tickets.

The solution is Mia sold 72 tickets, Jade sold 80 tickets, and Amelia sold 144 tickets

What is Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the number of tickets sold by Mia , Jade and Amelia be M , J and A respectively

Total number of tickets = 296

So , M + J + A = 296   be equation (1)

Now , Jade sells 8 more tickets then Mia

So , J = M + 8   be equation (2)

Subtracting 8 on both sides , we get

M = J - 8   equation (3)

Now , Amelia sells twice as many tickets as Mia

So , A = 2M   be equation (4)

Substituting the value of J and A in equation (1) , we get

M + ( M + 8 ) + 2 M = 296

4M + 8 = 296

Subtracting 8 from both sides , we get

4M = 288

Divide by 4 on both sides , we get

M = 72

The number of tickets sold by Mia = 72

Substituting the value of M in equation (2) and equation (4) , we get

J = M + 8

J = 80

The number of tickets sold by Jade = 80

A = 2M

A = 144

The number of tickets sold by Amelia = 144

Hence , The number of tickets sold by Mia is 72 tickets, Jade is 80 tickets, and Amelia is 144 tickets

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#SPJ2

Please help questions is down below.
Please answer all!
No bots pls!!!!!! Ill give brain thing

Answers

Question 1: 4/6
Question 2: 19/24 (not completely sure)
Question 3: 11/21

8 9/10 - 3 2/3 = Plz answer​

Answers

Concept:- In mixed fractions, we will have one whole number and a proper fraction. So, first we should convert them into improper fractions, which has the numerator greater than the denominator. After, converting to that we should convert the unlike fractions to like fractions by the method of LCM of denominators. Then, we can sub all the fractions so that we can get the answer.

Explanation:

{8(9/10)} - {3(2/3)}

Convert all mixed fractions to proper fractions.

= {(80+9)/10} - {(9+2)/3}

Now, add the both numerators.

= (89/10) - (11/3)

LCM of 10 & 3 is 30.

= {(89*3)/(10*3)} - {(11*10)/(3*10)}

Now, multiply the numerator and denominator of all fractions.

= (267/30) - (110/30)

Write all numerators with common denominator.

= {(267-110)/30}

Subtract the fraction and write it in simplest form.

= 157/30

Write the obtained answer in the form of mixed fraction.

= {5(7/30)}.

also read similar questions: 5/7 + 3 2/5 = 5/9 + 2 4/7 = 6 2/6 + 4/11 = 10 2/3 + 5 1/4 = 9 1/2 + ....

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Harper was out at a restaurant for dinner when the bill came. She wanted to leave a tip of 16%. What number should she multiply the cost of the meal by to find the total plus tip in one step?

Answers

Answer:

Harper would take the Total Bill after tax and mutiply it by 0.16.

The formula for this would be

Total Bill = x

Tip = 16% -> 16/100 = 0.16

So

0.16x

A teacher categorized students by whether they regularly completed their homework (or not) and whether they passed the course (or not). The data are in the table below.
Completed Homework Did not Complete Homework Total
Passed the Course 25 7 32
Did not Pass the Course 5 18 23
Total 30 25 55
A student from the class is randomly selected. Determine the following probabilites. Enter your results as percents rounded to two decimal places.
What is the probability a student passed the course given that they completed their homework?

%
What is the probability a student passed the course given that they didn't complete their homework?

28
Correct%
What is the probability a student completed their homework given that they passed the course?

%
What is the probability a student didn't complete their homework given that they didn't pass the course?

%

Answers

Probabilities are used to determine the chances of an event.

Let P represents the event that a student passes the course, and C represents the event that a student completes the assignment

(a) The probability a student passed the course given that they completed their homework?

From the table, we have:

[tex]\mathbf{n(P\ n\ C) = 25}[/tex]

[tex]\mathbf{n(C) = 30}[/tex]

So, the required probability is:

[tex]\mathbf{Pr = \frac{n(P\ n\ C)}{n(C)}}[/tex]

This gives

[tex]\mathbf{Pr = \frac{25}{30}}[/tex]

[tex]\mathbf{Pr = 0.8333}[/tex]

Express as percentage

[tex]\mathbf{Pr = 83.33\%}[/tex]

Hence, the probability a student passed the course given that they completed their homework is 83.33%

(b) The probability a student passed the course given that they didn't complete their homework

From the table, we have:

[tex]\mathbf{n(P\ n\ C'= 7}[/tex]

[tex]\mathbf{n(C') = 25}[/tex]

So, the required probability is:

[tex]\mathbf{Pr = \frac{n(P\ n\ C')}{n(C')}}[/tex]

This gives

[tex]\mathbf{Pr = \frac{7}{25}}[/tex]

[tex]\mathbf{Pr = 0.28}[/tex]

Express as percentage

[tex]\mathbf{Pr = 28\%}[/tex]

Hence, the probability a student passed the course given that they didn't complete their homework is 28%

(c) The probability a student completed their homework given that passed the course?

From the table, we have:

[tex]\mathbf{n(P\ n\ C) = 25}[/tex]

[tex]\mathbf{n(P) = 32}[/tex]

So, the required probability is:

[tex]\mathbf{Pr = \frac{n(P\ n\ C)}{n(P)}}[/tex]

This gives

[tex]\mathbf{Pr = \frac{25}{32}}[/tex]

[tex]\mathbf{Pr = 0.78125}[/tex]

Express as percentage

[tex]\mathbf{Pr = 78.125\%}[/tex]

Approximate

[tex]\mathbf{Pr = 78.13\%}[/tex]

Hence, the probability a student completed their homework given that they passed the course is 78.13%

(d) The probability a student didn't complete their homework given that they didn't pass the course

From the table, we have:

[tex]\mathbf{n(P'\ n\ C'= 18}[/tex]

[tex]\mathbf{n(P) = 23}[/tex]

So, the required probability is:

[tex]\mathbf{Pr = \frac{n(P'\ n\ C')}{n(P')}}[/tex]

This gives

[tex]\mathbf{Pr = \frac{18}{23}}[/tex]

[tex]\mathbf{Pr = 0.7826}[/tex]

Express as percentage

[tex]\mathbf{Pr = 78.26\%}[/tex]

Hence, the probability a student didn't complete their homework given that they didn't pass the course is 78.26%

Read more about probabilities at:

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Solve 2x-1/4 + x/3 = 2

Answers

Step-by-step explanation:

=> 2x-1/4 + x/3 = 2

=> 3(2x-1) +4x / 12 = 2

=> 6x -3 + 4x = 24

=> 10x = 27

=> x = 2.7

Answer:

x = 27/28

Step-by-step explanation:

Solve 2x-1/4 + x/3 = 2

2x - 1/4 + x/3 = 2

2x + (-1/4) + 1/3x = 2

(2x + 1/3x) + (-1/4) = 2

7/3x + (-1/4) = 2

7/3x = 9/4

3/7 * 7/3x = 3/4 * 9/4

x = 27/28

---------------------

check

2 * 27/28 - 1/4 + 27/28 *1/3 = 2

2 = 2

the answer is good

Is this a function or not a function?

Answers

Answer:

This is indeed a function

Which of the following statements is incorrect?
a. (-3x)3 = -27x3
b. xo xx-4 = x2
c. x + x-3 = x4
d. 3-2 = -9

Answers

Answer:

The last one is incorrect

Solve the equation 3x - 2(x + 1) = 2x - 7

Answers

Answer:

X=5

Step-by-step explanation:

Collect like terms then move the terms. Then collect liked terms. Calculate and Chang signs

Answer:

X = 5

Remember, x has a hidden one behind it, so it would be 1x

3x - 2(x + 1) = 2x - 7

Use the distributive property to multiply −2 by x+1.

3x−2x−2=2x−7

Combine 3x and −2x to get x

x−2=2x−7

Subtract 2x from both sides

x−2−2x=−7

Combine x and −2x to get −x

−x−2=−7

Add 2 to both sides

−x=−7+2

Add −7 and 2 to get −5

−x=−5

multiply both sides by -1

x=5

A car drove 55 miles per hour for 8.2 hours and 75 miles per hour for 3.6 hours. How far did the car drive?

Answers

Answer:

Step-by-step explanation:

So at 38mph you are roughly traveling .6333 miles a minute. So 13 miles would take you roughly 8.2 minutes. How does one figure out this?

We know that there are 60minutes in an hour. We know you’re driving 38miles per hour. Dividing 38 by 60 gives you the miles per minute. Multiple that by how many miles you’re driving to get an estimate of the minutes it takes to drive those miles.

Round your answer to the Nearest tenth

Answers

v = (8x7) / 17
v = 56 / 17
v = 3.294
v = 3.3

Answer:

3.3 or [tex]\frac{56}{17}[/tex]

Step-by-step explanation:

v/7 = 8/17                    

Cross multiply ... v times 17 & 7 times 8

17v = 56

Divide both sides by 17

v = 56/17

Keep your answer as a fraction OR

Convert to a decimal : 3.3

Pls help I’ll brainlest ASAP


Make this sentence better the building is old and ugly

Answers

Answer:

the building is aged and unique.

can someone pls help me … I really need help

Answers

Answer:

It's the last one!

Step-by-step explanation:

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