Reverse Mortgage » Corporations

Adjusting journal entry amortization question!?

Admin — Wed, 03 Feb 2010 14:19:51 +0000

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?

Amortization problem?

Admin — Sun, 24 Jan 2010 02:44:14 +0000

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.

accounting question about amortization?

Admin — Sat, 09 Jan 2010 19:42:02 +0000

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

I’m trying to complete an amortization table on paper?

Admin — Wed, 16 Dec 2009 21:59:57 +0000

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 world?!?!?! HELP PLEASE!!

What is the Amortization Expense-Patents?

Admin — Thu, 19 Nov 2009 03:35:35 +0000

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.

Need help with amortization?

Admin — Tue, 10 Nov 2009 07:29:54 +0000

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?

What happens if amortization is not recorded?

Admin — Fri, 16 Oct 2009 15:07:10 +0000

asked:

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

I can not remember the accounting entry for amortization of Trade Mark, I need the entry please…thank you.?

Admin — Thu, 08 Oct 2009 16:39:57 +0000

vivina v asked:

Should we really need to amortize Trade Mark ? what is the latest accounting guidelines?

Anyone pls show me what is difference between depreciation and amortization in Balance sheet & Cash Flow State

Admin — Sat, 22 Aug 2009 08:33:56 +0000

Sabrina asked:

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

Are mortgage Originators to Blame for Failure?

Admin — Wed, 05 Aug 2009 11:01:41 +0000

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 loan was made out to.

The investment banks are fooled into buying high risk debt they might not have asked for, or they take risks beinging fully aware.

But its the Mortgage originators that walked off with the money from the fee’s paid to them by selling bad loans.

Its all that credit loan crap on tv you saw. Bad credit…no credit…no problem…this is what they were doing

thats my theory