Presented Below Are Selected Transactions for Mohamad Company for 2014

question 47

Essay

Presented below are selected transactions for Mohamad Company for 2014.
Jan 1 Received $3,000 scrap value on retirement of machinery that was purchased on January 1, 2003. The machine cost $80,000 on that date, and had an estimated useful life of 10 years with no residual value.
Apl 30 Sold a printing machine for $50,000 that was purchased on January 1, 2011. The printer cost $90,000, and had an estimated useful life of 5 years with no residual value.
Dec 31 Discarded a business automobile that was purchased on September 1, 2009. The car cost $20,000 and was depreciated on an 8-year useful life with a residual value of $800.
Instructions
Journalize all entries required as a result of the above transactions. Mohamad Company uses the straight-line method of depreciation and has recorded depreciation to December 31, 2013.

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Definitions:

Nursing Care Plan

A documented strategy designed by nurses for a patient's care, outlining the specific nursing actions to meet the patient's goals.

Increasing Mobility

The process of enhancing one's ability to move or be moved freely and easily.

Reassessing

The process of reevaluating previous assessments or decisions based on new information or changes in circumstances.

Plan of Care

A detailed, individualized program designed to meet the specific health needs of a patient, outlining the goals of treatment, required medical interventions, and expected outcomes.