Recent Posts • Latest Topics • Unanswered Questions

Rhoundakona Corporation bought property, plant, and equipment on January 1, 2012, at a cost of ...

Tomm

wrote...

Go to Answer

Posts: 653

Rep:

6 years ago

Rhoundakona Corporation bought property, plant, and equipment on January 1, 2012, at a cost of ...

Rhoundakona Corporation bought property, plant, and equipment on January 1, 2012, at a cost of $35,000. Estimated residual value is $5,000 and the estimated useful life is 8 years. The company uses straight-line depreciation. On January 1, 2015, Rhoundakona's management sells the asset for $25,000. The balance in Accumulated Depreciation on January 1, 2015, is:
A) $3,750
B) $4,375
C) $11,250
D) $13,125

Textbook

Financial Accounting, Canadian Edition

Edition: 5^th

Authors: Harrison, Horngren, Thomas, Berberich, Seguin

Read 410 times

1 Reply

Report

ACC 925

Replies

Answer verified by a subject expert

Alexmosuthe

wrote...

Posts: 470

Rep:

6 years ago

More solutions for this book are available here

Report

Related Topics

Tomm Author

wrote...

6 years ago

Smart ... Thanks!

GeorgeNeist

wrote...

Yesterday

You make an excellent tutor!

gage

wrote...

2 hours ago

this is exactly what I needed

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1234 People Browsing

121 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

465

446

270

Your Opinion

Previous poll results: Which 'study break' activity do you find most distracting?

The Toxic Skin and Fungi Defense

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.