Summary_chapter8_17

Summary_chapter8_17 - Chapter 10 P4 DISPOSALS OF PLANT...

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Chapter 10
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Recording cash received (debit) or paid (credit). Removing accumulated depreciation (debit). Update depreciation to the date of disposal. Journalize disposal by: Removing the asset cost (credit). Recording a gain (credit) or loss (debit). DISPOSALS OF PLANT ASSETS P4
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Update depreciation to the date of disposal. Journalize disposal by: If Cash > BV, record a gain (credit). If Cash < BV, record a loss (debit). If Cash = BV, no gain or loss. DISCARDING PLANT ASSETS Recording cash received (debit) or paid (credit). Removing accumulated depreciation (debit). Removing the asset cost (credit). Recording a gain (credit) or loss (debit). P4
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Chapter 14
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Present Value of Annuity of $1   Rate Periods 3% 4% 5% 1       0.9709        0.9615        0.9524  2       1.9135        1.8861        1.8594  3                   2.7232  3.7171  3.6299        3.5460  5       4.5797        4.4518        4.3295  6                   5.0757  6.2303  6.0021  5.7864  8       7.0197        6.7327        6.4632  9       7.7861        7.4353 
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Summary_chapter8_17 - Chapter 10 P4 DISPOSALS OF PLANT...

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