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On January 22, Zentric Corporation issued for cash 180,000 shares of no-par common stock at $4 per share.  The journal entry to record this transaction would include…

Austin  contributed land, inventory, and $36,000 cash to a partnership. The land had a book value of $120,000 and a market value of $175,000. The inventory had a book value of $50,000 and a market value of $42,000.  The journal entry to record Austin’s contribution to the partnership will include…

Only selected assignment and quiz can be submitted late but not within the last week of class. Exceptions: no late submissions will be available in this course for discussions, extra credit, dyadic interviews, any assignments within the orientation module or the final reflection paper): Late submissions will automatically incur a 50% penalty, which will be deducted from the final score. For example, if an assignment is due November 9, at 11:59 pm and a student submits the assignment or quiz any time after the due date, lets say November 10, 2024, and earns 80% (8 out of 10 points) after the 50% penalty, the assignment’s final grade will result in a 40% (4 out of 10 points) earned.  This penalty will be applied to the final score of the late submission. No feedback will be provided for any late assignments. No late assignments or quizzes will be available within the last week of class. Assignment Example (view the available time frame and due date, see above for exclusions)

A gantry crane was acquired on January 1 at a cost of $120,000. The equipment has an estimated useful life of 25 years, and no residual value.  Determine the total depreciation expense recognized in the first two years using the straight-line method of depreciation. 

The tissue below is an example of which tissue type?

A diesel-powered generator with a cost of $180,000 and an estimated residual value of $18,000 is expected to have a useful operating life of 36,000 hours. During February, the tractor was operated 156 hours.  Determine the depreciation expense recognized for the month of February. 

Equipment acquired at the beginning of the year at a cost of $340,000 has an estimated residual value of $45,000 and an estimated useful life of 10 years. Assume the equipment was purchased on January 1, 2020 and the company’s fiscal year ends on December 31.  Determine the asset’s book value as of January 1, 2025.

This muscle tissue type is found in the small intestine and plays a role in peristasis.

Equipment acquired at the beginning of the year at a cost of $175,000 has an estimated residual value of $12,000 and an estimated useful life of 10 years.  Determine the amount of depreciation expense recognized in the first year using the double-declining depreciation method.   

A pregnant client at 36 weeks gestation undergoes an amniocentesis to assess fetal lung maturity. Which result would indicate fetal lung maturity?