I own a 1928 series $1.00 #f16876891b how can i give an account if it is even tangible?
it's still in one peice but not contained by good condition!! if it is valid would it even be worth anything?Answers: The Series 1928 $1 silver certificate is referred to as the "Funny Back" because it uses a different wager on design than you are accustomed to (The large "ONE").
If contained by doubt, check for the blue and red fibers embedded surrounded by the paper. If they are present, your minute is OK.
Even in low class, those sell for between $5 and $10. Not doomed to failure.
Capital Assets Journal Entry?
Sold a computer that was purchesed on January 1, 2000. The computer cost 5000. It have a useful existence of 3 years and no residual value. The computer is sold for 500.im guessing that we use amortization expense and accumulate amortization,, i dont know about the amount.
Answers: There's one missing information on the problem you've given.
The request for information is "how old is the computer at the time it is SOLD"
Of course, you should depreciate the computer up to the date it is sold.
Supposing that it be sold last January 2001 (when the computer aged two years from the date of purchase), the accumulate depreciation is:
Accumulated Depreciation = $5000/3years x 2 years
Accumulated Depreciation = $3333
Therefore the entry should be:
(DR) Cash $500
(DR) Accumulated Depreciation $3333
(DR) Loss on sale of equipment $1167
(Cr) Office equipment $5000
If it resulted to a gain, it is record as:
(DR) Cash $XXX
(DR) Accumulated Depreciation $XXX
(Cr) Office equipment $XXX
(Cr) Gain on sale $XXX
How can I start up a bank business?
Since I was little, I be paying attention to financial communication and watching the financial channels. I resembling the idea of making profoundly of money and money and power are my life. I am not evil, but I numeral that it is a waste of a enthusiasm if I do not make history books. I merely have one energy, so I figure I should put together a mark.Answers: You could start it up next to a lot of money..