A Company Purchased and Installed a Machine on January 1

question 193

Essay

A company purchased and installed a machine on January 1 at a total cost of $72,000.Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value.The machine was disposed of on July 1 of the fourth year.The company uses the calendar year.
1.Prepare the general journal entry to update depreciation to July 1 in the fourth year.
2.Prepare the general journal entry to record the disposal of the machine under each of these three independent situations:
a.The machine was sold for $22,000 cash.
b.The machine was sold for $15,000 cash.
c.The machine was totally destroyed in a fire and the insurance company settled the claim for $18,000 cash.

Calculate the expected return of a well-diversified portfolio using both single and multifactor models.

Evaluate the impact of systematic risk factors on asset returns in the context of both one-factor and multifactor models.

Differentiate between the roles of firm-specific risk and market-wide risk in asset pricing models.

Understand the composition of U.S. household assets and liabilities in 2018.

---

Definitions:

True Emotions

Authentic feelings that reflect an individual's genuine emotional state, without pretense or suppression.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others, which is critical for effective communication, leadership, and relationships.

Emotional Labor

The process of managing feelings and expressions as per organizational requirement, often seen in service jobs requiring a specific emotional display.

Job Burnout

A state of emotional, physical, and mental exhaustion caused by excessive and prolonged stress, typically in the workplace.