The writer is very fast, professional and responded to the review request fast also. Thank you.
At December 31,2012,Zeller Company reported the following as plant assets. Land $ 3,000,000 Buildings $26,500,000 Less:Accumulated depreciation—buildings 12,100,000 14,400,000 Equipment 40,000,000 Less:Accumulated depreciation—equipment 5,000,000 35,000,000 Total plant assets $52,400,000 During 2013,the following selected cash transactions occurred. April 1 Purchased land for $2,200,000. May 1 Sold equipment that cost $900,000 when purchased on January 1,2009.The equipment was sold for $540,000. June 1 Sold land purchased on June 1,2003,for $1,800,000.The land cost $600,000. July 1 Purchased equipment for $1,800,000. Dec.31 Retired equipment that cost $500,000 when purchased on December 31,2003.No salvage value was received. Instructions (a) Journalize the above transactions. Zeller uses straight-line depreciation for buildings and equipment.The buildings are estimated to have a 50-year useful life and no salvage value. The equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (b) Record adjusting entries for depreciation for 2013. (c) Prepare the plant assets section of Zeller’s balance sheet at December 31,2013.
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more