Create four new fixed asset accounts – Account type: Fixed Assets, detail type: Buildings and Accumulated Depreciation (where appropriate), account names: Original Cost (a sub account of Building) and Accumulated Depreciation (a sub account of Building), and Land with Account type: Fixed Asset, detail type: Land. I saw a sample but don't we have to make a check also? How are the 4 accounts created also?

answer quickly

Trinkle Company made several purchases of long-term assets during the year. The details of each purchase are presented here. New Office Equipment 1. List price: $42,600; terms: 2/10, n/30; paid within the discount period. 2. Transportation-in: $880. 3. Installation: $400. 4. Cost to repair damage during unloading: $630. 5. Routine maintenance cost after eight months: $150. Basket Purchase of Copier, Computer, and Scanner for $52,500 with Fair Market Values 1. Copier, $23,421. 2. Computer, $12,027. 3. Scanner, $27,852. Land for New Warehouse with an Old Building Torn Down 1. Purchase price, $83,800. 2. Demolition of building, $4,760. 3. Lumber sold from old building, $1,780. 4. Grading in preparation for new building, $7,900. 5. Construction of new building, $279,000.

What is a qualifying asset? Provide two (2) examples. (maximum 400 words)

Demonstrate how to report and analyze property, plant, equipment, and natural resources.

The cost of installing new equipment would be debited to which of the following accounts? Oa. Land Improvements Ob. Buildings Oc. Repairs and Maintenance Expense Od. Machinery and Equipment

Before testing property, plant, and equipment (PPE) and finite-life intangible (FLI) assets, ________. Group of answer choices the firm will assess both PPE and FLI assets as individual assets or in asset groups the firm will assess PPE as individual assets and FLI assets in asset groups the firm will assess both PPE and FLI assets in asset groups the firm will assess PPE in asset groups and FLI assets as individual assets

How do I create a new fixed asset account with an account type: Fixed Asset, detail type: Machinery & Equipment, name: Equipment and track deprecciation of this asset in QuickBooks? When I go to the Chart of Accounts to create a new account, I get the attached photo. There's no where to check the "track depreciation" check box.

What are both the short-term and long-term assets related to a "TUTORING CENTER"?