Ask Experts Questions for FREE Help !
Ask
    saleemshakeer's Avatar
    saleemshakeer Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 14, 2011, 02:04 AM
    Accounting issues online support?
    We have purchased 10 units of hardwares @ $ 15000.00 each from a vendor and 10 units of internt subscription @ $ 500.00(per month) from another vendor. The hardwares and internet will be installed to 10 clients' premises as a package for 24 months. We charge $ 32,000.00 for the package for 24 months per client. My question is:

    1) How will we treat the purchase as the cost and profit lasts for 24 months?

    2) How will we treat the COGS and Profit as we need to prepare the financial reports each month?

Check out some similar questions!

Support Issues [ 3 Answers ]

Hello. I live in Indiana, but my husband has a 17 year old daughter from another marriage whom lives in Michigan. We have found out that she hasn't been living with her mother for approx. 3 months and has quit school. They have continued to lie to him because of the support issues. The money...

Accounting Online test tmrw - Willing to help [ 1 Answers ]

I have a 50 multiple choice test tmrw and I need to pass it in order to pass the class.. Who would help me out with it I forgot to mention that I don't care about the price... ill pay anything as long as I pass


View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.