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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

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Answer: See explanation

Explanation:

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Reviewed goals has to do with the goals set by an individual when the individual takes into consideration the previously set goals and he or she reviews them. This is used by Carlos as he takes into consideration his previous average loan processing.

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Relevant goal simply means that the goal must be realistic and also reasonable. In this scenario, Michelle wants to increase the number of calls regarding sales made to customers. This is reasonable.

c. Sam has been reviewing customer accounts at a rate of two per day. His goal is to double that rate. That is possible, but he’ll have to work hard and be creative to reach this goal. - Achievable goals.

Achievable goal simply means a goal that it's possible for an individual to achieve and it's attainable.

d. Chen has been given a project, and his manager clearly communicated the quantity and quality expectations to him. - Specific goals

A specific goal is a goal that is well defined and also clear. This can be seen in the above example.

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A measurable goal is a goal that one tracks his or her progress as one continues the project. Kelly has a clear measure of how well she's doing. This is a measurable goal.

5 0
3 years ago
Calculate interest amount forR3000<br> 10%p.a paid out every 6months
sesenic [268]

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4 0
2 years ago
Suppose the price index was 105 in 2017, 126 in 2018, and the inflation rate was lower between 2018 and 2019 than it was between
Naily [24]

Answer:

These are the answers to the question:

a. the price index in 2019 was lower than 126.0.

b. the price index in 2019 was lower than 147.0.

c. the price index in 2019 was lower than 151.2.

d. the inflation rate between 2018 and 2019 was lower than 1.2 percent.

And this is the correct answer:

b. the price index in 2019 was lower than 147.0.

Explanation:

We can see that the price index rose by 21 units from 105 in 2017 to 126 in 2018.

If the inflation rate was lower between 2018 and 2019, it means that the price index rose by less than 21 units during this period.

Because 126 + 21 = 147, we can be certain that the price index in 2019 was lower than 147.

7 0
3 years ago
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PolarNik [594]

Answer:

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Reliability will, therefore, ensure a system is performing its function with minimal interruptions resulting from failures. It guarantees consistency in the results from operations. With reliability, production happens when it is needed.

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A E F are the answrs i have.

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