Reverse Mortgage

Jessica asked: Given: Accumulated amortization building CR 19,500 The building is being amortized over 20 years with a residual value of $20,000. what is the adjusted journal entry?

L asked: Please help me figure this out, I’m totally confused. Vehicles purchased Jan 1, 2007 cost – $62,000 amortized for 4 years Trial balance for Dec. 31, 2008 has Accrued amortization – vehicles at $15,500. Is this not the correct answer and does not require an adjustment? I’m afraid I am missing something.

Sam asked: Why is the following phrase so bad? I DONT GET IT amortization expense for manufacturing operations is charged to administrative expenses Does it matter? Thanks

doahgolfer asked: i was given this homework, and if someone could explian to me how they get the answers, i would greatly appreciate it. Complete the amortization table for a loan of $15,000 borrowed at 5.82% compounded semiannually for 5 years with a payment of $1750.39 to be made every six months. how in the [...]

ken j asked: On Dec. 31 it was estimated that goodwill of 875,000 was impaired. In addition, a patent with an estimated useful economic life of 17 years was acquired for 425,000 on April 1.

hightechaccountingg asked: we bought a business in 2000 and we amortized the goodwill . Now we sold the business .. are we supposed to recapture the amortiziaton when we are calculating the capital gain?

asked: What happens if a company never amortizes its facilities? please answer quickly!

vivina v asked: Should we really need to amortize Trade Mark ? what is the latest accounting guidelines?

Sabrina asked: I find that Depre&Amort in Cash Flow Statement is bigger than that in BS.

harkkam asked: Making bad loans and performing due dilligence are the originators responsibility. They would just write cheap mortgages and then sell them off to investment banks. Knowing full well that the individuals could not pay the money back. They would even decieve the investment banks on the income of the people to whom the [...]