Problem 7.04A – Health Services Helicopter
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition
Given a list of scenarios… find whether you would capitalize or expense each of them.
Given a list of scenarios… find whether you would capitalize or expense each of them.
Given information about a machine that was bought… prepare depreciation schedules using straight-line, double-declining, and activity-based depreciation methods.
Given details regarding the purchase and use of a new machine… prepare three depreciation schedules using straight-line method, double-declining method, and activity-based depreciation.
Given information regarding the intangible assets of the company… record the amortization along with preparing the intangible asset section of the balance sheet.
Given information regarding their intangible assets… record the amortization expense along with preparing the intangible assets section of the balance sheet.
Given the cost, accumulated depreciation, and book value of different assets… record the depreciation of the buildings, equipment, and patent and calculate the book value.
Given the amount ovens were sold for, the original cost, years of service life, and residual value… calculate accumulated depreciation, book value, gain or loss on the sale, and to record the sale.
Given net sales, net income, beginning assets, and ending assets… calculate return on assets, profit margin, and asset turnover for two companies.
Given net sales, net income, and average total assets for two different plans for a company… calculate return on assets, profit margin, and asset turnover for both.
Given details on a note that was issued… prepare journal entries for both the company that issued the note and the company that is borrowing the money.