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diamong [38]
2 years ago
12

A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the gain

or loss on disposal of the fixed asset?.
Business
1 answer:
Maksim231197 [3]2 years ago
8 0

The amount of the gain or loss on disposal of the fixed asset is $2,000.

<h3>Gain or loss on disposal </h3>

First step

Book Value = Original Cost of Equipment - Accumulated Depreciation

Book Value = $30,000 -$28,500

Book value= $1,500

Second step

Gain=Sale Price -Book Value

Gain=$3,500-$1,500

Gain=$2,000

Inconclusion the amount of the gain or loss on disposal of the fixed asset is $2,000.

Learn more about gain or loss on disposal of asset here:brainly.com/question/14542603

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Explain the meaning of rationalization, prototyping and design determination and give an example of each
matrenka [14]

Answer:

rationalization: (1) the action of attempting to explain or justify behaviour or an attitude with logical reasons, even if these are not appropriate.

(2)the action of making a company, process, or industry more efficient, especially by dispensing with superfluous personnel or equipment.

prototyping : (1)an experimental process where design teams implement ideas into tangible forms from paper to digital.

design determination : (1) Design and determination are semantically related in aim topic. Sometimes you can use "Design" instead a noun "Determination".

Explanation:

examples:-

(1) rationalization : a person who is turned down for a date might rationalize the situation by saying they were not attracted to the other person anyway. A student might blame a poor exam score on the instructor rather than their own lack of preparation.

(2) prototyping : cognitive representation of something within a certain category. ... So if you see another dog, you could say that other dog is small (compared to your prototype), heavy, ugly, beautiful, etc.

(3) design determination : testing a new depression medication

5 0
3 years ago
A call center with access to customer credit reports selling customer data to an outside organized crime organization for the pu
emmasim [6.3K]
The answer is authorized to use an organization’s system. In addition, if an authorized user tells another person his secret code, the unauthorized user can masquerade as the authorized user with significantly less likelihood of detection. People who have some motive to attack an organization and are not authorized to use the system of the organization are called outsiders and can pose a serious threat to an organization.
8 0
3 years ago
Is Cab Service in the UK is Excellent Choice for Transport?
Andreas93 [3]

Cab services are the best option for transportation in the UK.

Cabs are a type of personalized transport that works in the United Kingdom, this service offers several advantages compared to taxis such as:

  • It is cheaper than taxis.
  • It is more comfortable and less disturbing.
  • They have several options for the number of people traveling.
  • They can be booked easily and quickly
  • Offers a much faster transportation service than buses or black taxis
  • It is available 24 hours a day, 7 days a week.

Based on the above, it can be inferred that Cabs are the best transport service in the UK.

Learn more in: brainly.com/question/23627598

6 0
2 years ago
Which of the following statements about the graph are true? Select all that apply.
MrMuchimi

Answer:

Explanation:

Tanya

8 0
3 years ago
When the government changes either its spending or tax policy to pursue economic objectives, it has changed its:___.
Debora [2.8K]

Answer:

A. fiscal policy. and C. monetary policy.

Explanation:

What is Fiscal Policy?

The government's use of taxes, spending, and transfer payment to promote economic growth and stability.

What is Monetary Policy?

The action the Fed takes to control the money supply and the rate of inflation in the economy.

8 0
3 years ago
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