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What else can I help you with?
Is rented equipment considered an asset?
Rented Equipment is not an asset. If there is a refundable security deposit, that amount would be posted as an asset. The rental payments are usually posted to Equipment Rental Expense and no further accounting is necessary.
When coding an invoice in the amount of 5100 which includes 4500 for new office equipment and 600 for installation what amount if any would you code to the asset account Equipment?
5100
Where is trade discounts recorded in?
Trade discounts are not entered in the accounting records. They are not considered to be a part of the sale because the exchange agreement was based on the reduced price.NB: Remember the general rule that sales are recorded when an exchange takes place. The measurement of the sale is based on the exchange price. Therefore, the amount recorded as a sale is the invoice price. The entries previously shown for a $4,000 sale would also be appropriate if the list price was $5,000, subject to a 20% trade discount.
Is section 179 still valid for taxes Can you still deduct equipment?
Yes. Very much so. It isn't that you can deduct equipment..it is (and was) that you can currently expense (rather than capitalize, and deduct through depreciation over years), up to an certain amount. That amount is being substantially increased.
If a company purchase equipment on account will the assets increase decrease or stay the same?
If the equipment is purchased on credit (on account) then the net assets will stay the same as the assets will increase by the same amount as the liabilities
When a long term not is given in exchange for equipment the amount considered as paid for the machine is?
the invoice price
Where is the best location to find a currency converter?
When traveling overseas, the best exchange rate can often be received at a bank ATM machine. The machine will automatically convert the withdrawal amount into local currency. Many "smartphones" also offer currency exchange "apps" that can be used to verify the ATM machine.
How fun is this machine to exercise on?
The amount of fun to be had on any exercise machine is dependent upon your definition of fun. If you think a rigorous exercise is fun, then sure this exercise on this machine could be considered fun.
Is rented equipment considered an asset?
Rented Equipment is not an asset. If there is a refundable security deposit, that amount would be posted as an asset. The rental payments are usually posted to Equipment Rental Expense and no further accounting is necessary.
How is an exchange price determined?
An exchange price is determined by the amount sold, and the amount bought.
Why is the amount of that a machine does is less than the amount put into the machine?
In such a machine, the remaining energy is wasted to friction
How do you calculate the efficiency of a equipment?
you take the fuel consumption times the amount of matter moved, then you divide the PRODUCT OF THAT BY THE WEIGHT OF THE MACHINE. answer should show up in a percent
If you own a company and you give the company cash and equipment in exchange for common stock how is that listed on the companies spreadsheet?
In a cash-for-equity situation: * Increase the cash account by the amount of cash given * Increase the paid in capital account by the amount of cash given In an equipment-for-equity situation: * Increase the fixed assets account by the net value of the equipment (after depreciation to date) * increase the paid in capital account by the net value of the equipment
What term refers to the amount you or your employer pays in exchange for insurance coverage?
The premium is the dollar amount paid in exchange for insurance coverage.
What does the power of the machine tell you?
Force is the ratio of the amount of work the machine can do over the amount of time it takes to do the work.
Functions of addressing machine?
An addressing machine is a piece of equipment that generates, stores, and dispenses addresses in a postal system. Address machines are used as one of the many types of mail sorting equipment to collect addresses by street name. The function of an addressing machine is transmission and storage. A computer device could be used instead in order to reduce the amount of labour needed, but this comes at the cost of greater complexity and more time required for operation.
Why is the purchase of cannabis considered a felony in Florida and can you have that reduced to a misdemeanor?
The seriousness of the charge depends on the amount that was being dealt. If it was over a certain quantity (the amount slips my mind at present) it is considered to be "dealing" according to the statute. See if you can try and cop a plea, or exchange some 'information' in return for a reduced charge.
