The following three accounts appear in the general ledger of Carla Vista Corp. during 2025. Jan 1 Bal July 31 Purchase of equipment Sept. 2 Purchase of equipment Bal Jan, 1 Bal. Nov. 10 Accumulated depreciation on equipment sold Bal Jan. 1 Bal Aug 23 Dividends (cash) Bal Equipment 216,000 Nov. 10 Cost of equipment sold 94,500 71.550 315,900 Accumulated Depreciation-Equipment 18,900 220.050 Adjustments to reconcile net income to 95,850 Dec. 31 Depreciation for year 21,000 Retained Earnings 141.750 Dec. 31 Net income 112.050 CARLA VISTA CORP. Statement of Cash Flows (Partial) - Indirect Method 97.200 66.150 From the postings in the accounts, indicate how the information is reported by preparing a partial statement of cash flows using the indirect method. The loss on disposal of plant assets was $10,800. (Show amounts that decrease cash flow with either a-slan eg-15,000 or in parenthesis eg. (15,000)) 37.800 P F

The balance sheets of HIROE Inc. showed the following at December 31, 2020 and 2019: December 31, 2020 December 31, 2019 Equipment, less accumulated depreciation of $212,625 at December 31, 2020, and $151,875 at December 31, 2019. $273,375 $334,125 Required: a. If there have not been any purchases, sales, or other transactions affecting this equipment account since the equipment was first acquired, what is the amount of the depreciation expense for 2020? b. Assume the same facts as in part a, and assume that the estimated useful life of the equipment to HİROE Inc., is eight years and that there is no estimated salvage value. Determine: 1. What the original cost of the equipment was. 2. What depreciation method is apparently being used. 3. When the equipment was acquired. c. Assume that this equipment account represents the cost of 5 identical machines. Prepare the horizontal model and record the journal entry for the sale of the machine to calculate the gain or loss on the sale of one…

The following are financial data taken from the annual report of Foundotos Company: Year 2 $134,448 51,981 37,154 57,504 Net sales Gross property, plant and equipment Accumulated depreciation Intangible assets (net) A. Calculate the following ratios for Year 1 and Year 2: 1. Fixed asset turnover 2. Accumulated depreciation divided-by-gross fixed assets B. What do the trends in these ratios reveal about Foundotos? Year 1 $130,060 47,744 34,180 36,276

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Assume the following general ledger account balances for Xenon Inc. for December 31, 2019 Accumulated Depreciation 50,000 Building 70,000 Depreciation Expense 20,000 Equipment 53,000 Land 90,000 Unused Supplies 3,000   What is the carrying amount of the company’s plant and equipment section of thebalance sheet at December 31, 2019?