The Figure Below Shows the Transactions for Sawyer Architecture Services

question 32

Essay

The figure below shows the transactions for Sawyer Architecture Services during June.Greg Sawyer opened this business on June 1 with a capital investment of $72,000 (Transaction 1). Prepare the statement of owner's equity for Sawyer Architecture Services for the month ended June 30,2016.

Calculate and interpret total asset turnover ratio.

Understand the accounting treatment for the acquisition and depreciation of property, plant, and equipment (PPE).

Identify plant assets and differentiate them from intangible assets.

Apply the units-of-production depreciation method and calculate accumulated depreciation.

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