Mcgraw hill connect chapter 10 help

Mcgraw hill connect chapter 10 help

McGraw Hill Connect, Chapter 10 Accounting assignment includes:

CHAPTER 10 HOMEWORK and CHAPTER 10 QUIZ completed online through McGraw Hill Connect site with my credentials DUE NO LATER THAN Sunday, 04-28-2013

AS WELL AS:

Upload DOCUMENTS of Chapter 10 TEST submitted to me through homework market DUE NO LATER THAN Sunday 04-28-2013 —- SEE BELOW:

PROBLEM #1 – 4 points

 

Classify each of the following as A – ordinary maintenance and repairs, B – asset improvements, or      C – extraordinary repairs.

1.    Resurfacing a pool in an apartment building.                      ___________________

2.    Installing a new air conditioner in an old building.                         ___________________

 

3.    Exterior and interior painting.                                                  ___________________

 

4.    Fixing damage due to a car accident.                                    ___________________

 

PROBLEM #2 – 14 points

Equipment acquired at a cost of $126,000 and has a book value of $42,000.  Journalize the disposal of equipment under the following independent assumptions. Identify each assumption by letter.

(a) The equipment had no market value and was discarded.
(b) The equipment is sold for $53,000.
(c) The equipment is sold for $27,000.
(d) The equipment is traded-in for a similar asset.  The list price of the new equipment is $63,000. The exchange has no commercial substance.

Journal

 

Date

 

Description

   

Debit

 

Credit

         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         

 

 

 

PROBLEM #3 – 22 points

An asset was purchased January 1, 20XX and the fiscal year ends December 31st. Calculate depreciation expense, accumulated depreciation, and net book value under the straight-line and the double declining balance methods. Round your answers to the nearest whole dollar.

Asset Cost = $200,000                  Salvage Value = $25,000              Estimated Life = 8 Years

 

Straight-line method:

Year   Depreciation Expense   Accumulated Depreciation   Net Book Value
20XX
20X1
20X2
20X3
20X4
20X5
20X6
20X7

 

Double Declining Balance method:

Year   Depreciation Expense   Accumulated Depreciation   Net Book Value
20XX
20X1
20X2
20X3
20X4
20X5
20X6
20X7

 

Calculate the price of your order

Select your paper details and see how much our professional writing services will cost.

We`ll send you the first draft for approval by at
Price: $36
  • Freebies
  • Format
  • Formatting (MLA, APA, Chicago, custom, etc.)
  • Title page & bibliography
  • 24/7 customer support
  • Amendments to your paper when they are needed
  • Chat with your writer
  • 275 word/double-spaced page
  • 12 point Arial/Times New Roman
  • Double, single, and custom spacing
  • We care about originality

    Our custom human-written papers from top essay writers are always free from plagiarism.

  • We protect your privacy

    Your data and payment info stay secured every time you get our help from an essay writer.

  • You control your money

    Your money is safe with us. If your plans change, you can get it sent back to your card.

How it works

  1. 1
    You give us the details
    Complete a brief order form to tell us what kind of paper you need.
  2. 2
    We find you a top writer
    One of the best experts in your discipline starts working on your essay.
  3. 3
    You get the paper done
    Enjoy writing that meets your demands and high academic standards!

Samples from our advanced writers

Check out some essay pieces from our best essay writers before your place an order. They will help you better understand what our service can do for you.

Get your own paper from top experts

Order now

Perks of our essay writing service

We offer more than just hand-crafted papers customized for you. Here are more of our greatest perks.

  • Swift delivery
    Our writing service can deliver your short and urgent papers in just 4 hours!
  • Professional touch
    We find you a pro writer who knows all the ins and outs of your subject.
  • Easy order placing/tracking
    Create a new order and check on its progress at any time in your dashboard.
  • Help with any kind of paper
    Need a PhD thesis, research project, or a two-page essay? For you, we can do it all.
  • Experts in 80+ subjects
    Our pro writers can help you with anything, from nursing to business studies.
  • Calculations and code
    We also do math, write code, and solve problems in 30+ STEM disciplines.

Frequently asked questions

Get instant answers to the questions that students ask most often.

See full FAQ
    See full FAQ

    Take your studies to the next level with our experienced specialists

    Chat
    Chat
    Hello, we are online 24/7. Leave a message we will reply instantly