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

Which expressions are equivalent to (1/3x - 4x - 5/3x) - (-1/3x -3)?
Select all correct expressions.
-5x + 3
2x - 3 + 3x
-2x + 3 - 3x
-3 + 5x

Answers

Answer:

-5x + 3

Step-by-step explanation:

1/3 x - 4x -5/3x + 1/3 x +3

2/3 x -4 -5/3x + 3

3/3x -4x +3

-1 1x -4x + 3

- 5x + 3

:)

7.
Find all solutions to the following triangle. (Round your answers for angles A, C, A', and to the nearest minute. Round your answers for sides a and a'to two decimal places. If either triangle is not
possible, enter NONE In each corresponding answer blank.)
B = 65° 20', b = 5.38 inches, c = 4.88 inches
First triangle (assume C greater than or equal to 90°):
A= ____ degrees ____’
C=____ degrees ____’
a= ____ in

Answers

The measures of the angles and the lengths of the sides of the triangle can

be found using sine rule.

The correct responses are;

A = 59 degrees 9'C = Nonea = 5.083 in.

Reasons:

The given parameter are;

∠B = 65°20', b = 5.38 inches, c = 4.88 inches

∠C ≥ 90°

By sine rule, we have;

[tex]\dfrac{5.38}{sin(65^{\circ} 20')} = \mathbf{ \dfrac{4.88}{sin(\angle C)}}[/tex]

[tex]sin(\angle C) = \mathbf{ \dfrac{sin(65^{\circ} 20') \times 4.88}{5.38}}[/tex]

[tex]\angle C = arcsin \left(\dfrac{sin(65^{\circ} 20') \times 4.88}{5.38} \right) \approx \mathbf{ 55.517 ^{\circ}}[/tex]

∠C = 55.517° < 90°, therefore, the correct response is; None

[tex]\dfrac{sin(65^{\circ} 20')}{5.38} = \dfrac{4.88}{sin(\angle C)}[/tex]

∠A = 180° - 65°20' - 55.517° = 59.15° = 59°9'

∠A = 59°9'

Therefore;

[tex]\dfrac{5.38}{sin(65^{\circ} 20')} = \mathbf{ \dfrac{a}{sin(59.15^{})}}[/tex]

[tex]a = \dfrac{5.38 \times sin(59.15^{\circ}) }{sin(65^{\circ} 20')} \approx \mathbf{ 5.083}[/tex]

a ≈ 5.083 inches

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15% tip on a bill of 99.99

Answers

Answer:

Your tip is $15.00

Step-by-step explanation:

Have a nice day ^^

Ivy bought a bike for $67.82. The sales tax was $4.79. How much money did Ivy spend on the bike before taxes?

Answers

Answer: $63.03

Step-by-step explanation:

$67.82 - $4.79 = 63.03


14
HI=14 and
J
H
=
15
JH=15. Find the length of
I
J
.
IJ.

Answers

Answer: IJ = 15

J

15. x

H. I

14

Two congruent Angles —-> Isosceles Triangle

Opposite sides must be congruent.

J

15 15

H. I

14

x+3-3= -6
its my quick hot sauce

Answers

ok nice answer…… well done

The circumference of a circular garden is 72.22 feet. What is the radius of the garden?

Answers

Answer:

36.11 feet

Step-by-step explanation:

If the circumfrence goes across the circle, and the radius goed halfway, substitute the measuremants. C/2. So, divide 72.22 by 2 and you get 36.11 feet!

A group of preschoolers has 63 boys and 27 girls. What is the ratio of boys to all children (lowest form)?

Answers

Answer:

7 boys to 10 all children

63:90= 7:10

Reasoning:
add up the total amount of preschoolers which is 90, and the amount of boys in the group of children which is 63. so it would be 63:90. 9 goes into both numbers. (63 divided by 9= 7. 90 divided by 9 is 10.) so the answer would be 7:10 in simplified form.

Evaluate the expression for the given variable 4y-12, when y =7

Answers

Answer:

16

Step-by-step explanation:

y = 7

4(7)-12

28-12 = 16

Line v passes through points (5, 4) and (10, 2). Line w is perpendicular to v. What is the slope of line w?

Answers

keeping in mind that perpendicular lines have negative reciprocal slopes, let's check for the slope of the equation that goes through (5,4) and (10,2)

[tex](\stackrel{x_1}{5}~,~\stackrel{y_1}{4})\qquad (\stackrel{x_2}{10}~,~\stackrel{y_2}{2}) ~\hfill \stackrel{slope}{m}\implies \cfrac{\stackrel{rise} {\stackrel{y_2}{2}-\stackrel{y1}{4}}}{\underset{run} {\underset{x_2}{10}-\underset{x_1}{5}}}\implies \cfrac{-2}{5} \\\\[-0.35em] ~\dotfill[/tex]

[tex]\stackrel{\textit{perpendicular lines have \underline{negative reciprocal} slopes}} {\stackrel{slope}{-\cfrac{2}{5}}\qquad \qquad \qquad \stackrel{reciprocal}{-\cfrac{5}{2}}\qquad \stackrel{negative~reciprocal}{+\cfrac{5}{2}\implies \cfrac{5}{2}}}[/tex]

It takes Shawn 4 more hours to stain a deck than Michelle. Together it takes them 4.8 hours to complete the work. How long would it take Shawn to stain the deck by​ himself?

Answers

Answer:

4.4 hours

Step-by-step explanation:

It would take Shawn 4.4 hours, as this would give a time of .4 hours to Michelle, totaling 4.8 hours

The Bruce family set out 8 0’clock in the morning. They arrived at the old port of Ambertini at 09:05. How long their journey took?

pls

Answers

Answer:

1hr 5 minutes

Step-by-step explanation:

9hrs 5mins-8 hrs=1 hr 5 mins

mark me brainliest plz if you are helped

Differentiate the function

Answers

Answer:

[tex]-\frac{9}{r^4}[/tex]

Step-by-step explanation:

Using Power rule

[tex]\frac{d}{dr} (r^n)=nr^{n-1}\\-\frac{9}{r^4}[/tex]

The answer is F'(r) = [tex]\mathrm {-\frac{9}{r^{4}}}[/tex].

We can rewrite the function as :

F(r) = 3r⁻³

Now, differentiate by power rule :

F'(r) = (-3)3r⁻³⁻¹

F'(r) = -9r⁻⁴

F'(r) = -9/r⁴

The width of a triangle is six more than twice the height. The area of the triangle is 88in2. Find the height and width of the triangle.

Answers

Answer:

w = 22 in, h = 8 in.

Step-by-step explanation:

Reading the problem, I immediately see two equations. This hints me towards a system of equations problem.

Statement 1 is The width of a triangle is six more than twice the height.

The width (w) of a triangle is (=) six (6) more (+) than twice (2) the height (h).

Equation 1: w = 6 + 2h

Statement 2 is The area of the triangle is 88 in2.

The formula for the area of a triangle is [tex]\frac{wh}{2}[/tex]. So, we get our second equation.

Equation 2: wh/2 = 88

We see that we have the same number of equations as unknowns, two. This is important as it lets us know that we can find two unknowns in the two equations. If there are more unknowns than equations, then we cannot find the values of all the variables. Look for another equation in the problem. However, if the # equations greater than or equal to number of unknowns, then we are ready to start solving!  So, we can now move to solving.

Equation 1 isolates one of the unknowns (w). So, we can replace w in the second equation with the right side of eq 1. Then, we simplify for h.

[tex]\frac{wh}{2} = 88[/tex]

[tex]\frac{(6 + 2h)h}{2} = 88[/tex]

[tex]\frac{6h + 2h^2}{2} = 88[/tex]

[tex]6h + 2h^2 = 176[/tex]

[tex]2h^2 + 6h - 176 = 0[/tex]

[tex]h = -11, 8[/tex] (assuming you know how to solve quadratics)

Since we know that heights of triangles cannot be negative, we find that [tex]h = 8[/tex] in.

For the final step, we plug [tex]h[/tex] into our first equation to find [tex]w[/tex].

[tex]w = 6 + 2h[/tex]

[tex]w = 6 + 2(8)[/tex]

[tex]w = 6 + 16[/tex]

[tex]w = 22[/tex]

So, the answer is w = 22 in, h = 8 in.

To check if we were right, we can plug the values into both equations to see if they are equal. I will skip equation 1 since we used that equation "as-is" to find w.

[tex]\frac{wh}{2} = 88[/tex]

[tex]\frac{22 * 8}{2} = 88[/tex]

[tex]11 * 8 = 88[/tex]

[tex]88 = 88[/tex]

The solution checks out!

I am having a hard time on solving this question x4−85=−92 does someone know how to explain it?

Answers

Answer:

X equals positive -1.75

Step-by-step explanation:

because X is muliplying by the common number attached to it (4)

-1.75 times 4 equals -7

thus being -7-85= -92

Answer:

well you have to solve for X  so -1.75 times 4 equals -7 then solve. so your answer would be- X equals positive -1.75

Which ordered pair represents a solution to the inequality 3x - y < -5?A. (2, -15)B. (1, 10)C. (2, 11)D. (3, 12)

Answers

Answer:

(2,11)

Step-by-step explanation:

what i did was actually substitution

It's like ..what I do when I've forgotten how to solve a particular equation in math or even physics

But I'd recommend you find the real solution cuz there's a formula

The initial population of a town is 3500, and it grows with a doubling time of 10 years. What will the population be in 8 years?

Answers

Answer:

8 years = 5600

Step-by-step explanation:

10 years = 3500x2= 7000

1 year = 7000/10 = 700

1 year = 700

8 years = 700x8 = 5600

18)Angel A and angle b are vertical angles so they are congruent angles. If angle A is (4x+5)° and angle B (-2(x-17.5))° Find the measure of angle B​

Answers

Answer:

Measure of Angle B = 25°

Step-by-step explanation:

Something to keep in mind: Angle A and B are Vertical Angles so they will always be equal

so;

Angle A = Angle B

(4x + 5) = (-2(x - 17.5))

4x + 5 = -2x + 35   (<= Solved by distributive property)

6x + 5 = 35

6x = 30

x = 5

Now we can find the measure of Angle B, by substituting x by 5 in the B equation;

-2 (x - 17.5) = Angle B

-2 (5 - 17.5) = Angle

-2 (-12.5) = Angel B

25 = Angle B

so measure of angle B = 25

Hope this helps!

it is the onion of set of whole numbers and the opposition of the set counting or natural numbers A. integers B. inverse C. Positive D. Negative ​

Answers

integers is your answer

Central/Inscribed angles pls help with work <3

Answers

Answer:

Step-by-step explanation:

Arc angle KLM will be twice ∠KSM = 210°

Arc angle ML will be 210 - 130 = 80°

Arc angle LMS will be twice ∠LKS = 160°

Arc angle SM will be Arc angle LMS - ML = 160 - 80 = 80°

A new cell phone costs $108.99 in the store. What would your total cost be if the sales tax is 4.5%? Round your answer to the nearest cent, if necessary.

Answers

Answer: $113.89

Step-by-step explanation:

108.99 * 0.045

= 4.90455

108.99 + 4.90455

= 113.89455

$113.89

Answer:

Total Cost = $113.89

Step-by-step explanation:

Total Cost = Cell phone cost + sale Tax % ( cell phone cost)

Total Cost = $108. 99 + .045 × $108.99

Total Cost = $108.99 + $4.90455

Total Cost = $108.99 + $4.90

Total Cost = $113.89

What is negative 10 divided by .22

Answers

Answer:

That would be negative 45 or - 45

Please correct me if im wrong

which is the correct word form of 8.16
a . eight and sixteen tenths
b. eight and sixteen hundredths
c. eight hundred sixteen hundredths
d. eight hundred sixteen thousandths​

Answers

The correct word form of 8.16 is b. eight and sixteen hundredths

Since the number is 8.16, we have 8.16 = 8 + 0.16 = 8 + 16/100

Since we have 8 in the units place, it is pronounced eight.

Also, we have our decimal part 0.16 = 16/100 which is pronounced as sixteen hundredths.

So, combining both we have eight and sixteen hundredths.

So, the correct word form of 8.16 is b. eight and sixteen hundredths

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I Need help with 4-7

Answers

Answer:

Step-by-step explanation:

4) parallel because 118° is a supplement to 62° and the corresponding angles are both 118°

5) NOT parallel. The labeled angles sum to 120° and would sum to 180° for parallel lines.

6) NOT parallel. see pic.

If parallel, extending a line to intersect ℓ₁ makes an opposite internal angle which would also be 48°. The created triangle would have its third angle at 180 - 90 - 48 = 42° which is opposite a labeled 48° angle, which is false, so the lines cannot be parallel

7)

b = 78°  as it corresponds with a labeled angle above it

a = 180 - 78 = 102° as angles along a line from a common vertex sum to 180

f = is an opposite angle to 180 - 78 - 44 = 58° as angles along a line from a common vertex sum to 180

e = 180 - 90 - 64 = 26° as angles along a line from a common vertex sum to 180

c = 58° as it corresponds with f

d = 180 - 58 = 122° as angles along a line from a common vertex sum to 180

 

5(9/12−1/4)+0.5 pls answer correctly

Answers

Answer:

  3

Step-by-step explanation:

5(9/12 -1/4) +0.5

= 5(9/12 -3/12) +1/2 . . . . . . express the fractions using a common denominator

= 5(6/12) +1/2 . . . . . . . add the fractions

= 5(1/2) +1/2 . . . . . . reduce the result

= (5 +1)(1/2) . . . . factor out 1/2 (easier than adding mixed numbers)

= 6/2 = 3

_____

A calculator can be a useful tool for evaluating numerical expressions.

Find the distance between the points P(4,6) and Q(8,9) to the nearest tenth.
Answers:
A. 25
B. 5
C. 7
D. 19.2

Answers

Answer:

B

d(P,Q) = sqrt((xO-xQ)^2 + (yP-yQ)^2) = sqrt(16+9) = 5

Complete the equation for the line shown in the graph. (-1,-2) (0,1) (1,4)

Answers

An equation for the given ordered pairs you gave me is: y=3x+1

Hope this helped you!! :)

1. Identify the place value for the following: 162.891

Answers

Answer:

Hundreds : 1

Tens : 6

Ones : 2

.

Tenths : 8

Hundredths : 9

Thousandths : 1

To get in shape for the upcoming track season two brothers, Scott and Brian, begin running home after school. Scott runs at a rate of 6 mph and Brian runs at a rate of 4 mph. If they leave school at the same time, Scott arrives home a half-hour before Brian. How long does it take Brian to get home from school

Answers

It takes Brian 1.5 hours to get home from school

Speed is the ratio of distance travelled to time taken. It is given by:

Speed = distance / time

Let d represent the distance from their school to the house and t represent the time (hours) it takes Brian to teach home.

For Brian:

4 = d/t

d = 4t

For Scott:

6 = d / (t - 1/2)

d = 6t - 3

4t = 6t - 3

2t = 3

t = 1.5 hours

Therefore it takes Brian 1.5 hours to get home from school

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Explain two ways you can benchmark percents to find 60% of 280

Answers

Answer:

The most common benchmark percents are 0%, 10%, 25%, 50%, 75% and 100%.

To find 60% of 280 we first find 10% of 280 which is 28. 6 x 28 = 168.

To find 60% of 280 we first find 50% of 280 which is 140. Now we add 10% which we calculated before: 140 + 28 = 168.

Answer:

Step-by-step explanation:

Explain two ways you can benchmark percents to find 60% of 280

1) 280 : 100 * 60 = 168

2) 280 * 0.6 = 168

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