1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataliya [291]
2 years ago
12

If a company exchanges an asset with a book value of $260,000, an original cost of $500,000, and a fair value of $300,000 plus c

ash of $100,000 for a new asset, what is the gain or loss recognized on the transaction?.
Business
1 answer:
Harlamova29_29 [7]2 years ago
8 0

The gain that would be recognised on the exchange of the asset by the company is $140,000.

<h3>What is the gain on the asset?</h3>

The gain on the exchange of an asset is recorded when the fair value is greater than the book value of the asset. The gain on the exchange is sum of the difference between the fair value and the book value and the cash.

Gain = (fair value - book value) + cash

($300,000 - $260,000) + 100,000 = $40,000

You might be interested in
"Mr. Tudor," said Judy, "Tom Pritchett suggested I contact you about our new computerized Civil War reenactment game." In this e
Grace [21]

Answer:

Referral

Explanation:

Referral is the term which is described as the act or way of telling someone  or a person regarding the positive features or attribute of the business or the person, who is being referred by the person.

For example, referral is telling someone or person that the certain business or the person having a good product or the service, and then that person visit the place.

Under this scenario, Tom referred Tudor to contact them regarding the new game. So, it is an example which the Judy uses referral method or way with Tudor.

6 0
3 years ago
Janet needs to assign a very important advertising account to one of her writers. First she reviewed each​ writer's work​ load,
S_A_V [24]

Answer:

D. systematic study

Explanation:

7 0
3 years ago
Rudolf, a Polish manager in a company based in China, is admired by his colleagues for the way he interacts with people, his con
zimovet [89]

Answer: Respect

Explanation:

Respect is something that human beings are taught from birth. It is an attitude and way of being that someone has where they show appreciation for others. A person who has respect treats everyone equally, does not seek humiliation but good treatment.

Respect leads to good integration, where regardless of the differences that a person may have, they can live harmoniously since there is a good deal above all else. Respect allows people to live quietly, where good treatment is one of its main characteristics.

In Rudolf's case, he is a person who maintains respect. He is someone who respects the culture of others and treats everyone equally. He does not seek conflict but a healthy environment where everyone can work harmoniously and this type of behavior lead others to have a good concept and admiration for it.

3 0
3 years ago
Molly, a successful real estate salesperson, took some time off to stay at home with her first child. Days turned into weeks, we
Mariana [72]

Answer:

No

Explanation:

A licensing agreement is a partnership between an intellectual property rights owner (licensor) and another who is authorized to use such rights (licensee) in exchange for an agreed payment (fee or royalty).

Molly cannot simply pick up where she left off because two years after the license expires, all license rights lapse. Molly must re-qualify through the examination process before being licensed in real estate once again.

7 0
3 years ago
Your grandmother has been putting $1,000 into a savings account on every birthday since your first (that is, when you turned one
lukranit [14]

Answer:

The amount in the account on the  18th birthday = $ 25,645.41

Explanation:

<em>The investment can be described as an ordinary annuity. An ordinary annuity is a series of equal periodic cash flows that  occur for a certain number of years</em>

<em>The amount the invest will accrue principal plus interest is known as the f</em><u><em>uture value</em></u><em> of the annuity</em>

It is determined as follows:

<em>FV = A ×  ( (1+r)^n -1  ) / r</em>

FV - ?,  A = 1000.  r - 4%- 0.04, n - 18

FV = 1,000× ( ( (1.04)^(18) - 1 )/ 0.04

    = 1,000 ×  25.64541288

    = $ 25,645.41

The amount in the account on the  18th birthday = $ 25,645.41

5 0
3 years ago
Other questions:
  • "When ClubCorp had an attrition problem, they hired a market research company to get to the bottom of things. What two things di
    7·1 answer
  • are the preserved remains of organisms, and they provide evidence to support Darwin’s theory of evolution. will give brainlyist
    5·2 answers
  • In the circular flow model, who supplies factors of production in exchange for income?
    14·1 answer
  • Which of the following is not a likely reason that specific password requirements, such as length, the use of special characters
    9·1 answer
  • Super Saver Groceries purchased store equipment for $25,000. Super Saver estimates that at the end of its 10-year service life,
    7·1 answer
  • Which of these is LEAST LIKELY to determine credit worthiness? A) payment history B) length of employment C) personal health his
    9·2 answers
  • Rose works in the human resources department of Spartan, makers of athletic clothing, shoes, and accessories. Celebrity athletes
    12·1 answer
  • Osage Corporation issued 2,000 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit acco
    5·1 answer
  • If Joey joins the military, he can learn different skills that could be useful in his later career.
    14·2 answers
  • Which conditions contribute to engine deposits ?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!