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
Pavel [41]
2 years ago
15

Sheffield Company's delivery truck, which originally cost $85400, was destroyed by fire. At the time of the fire, the balance of

the Accumulated Depreciation account amounted to $57200. The company received $47500 reimbursement from its insurance company. The gain or loss as a result of the fire was $37900 loss. $19300 gain. $19300 loss. $37900 gain.
Business
1 answer:
alexira [117]2 years ago
4 0

the Accumulated Depreciation account amounted to $57200. $19300 loss as a result of the fire

<h3>What is  Depreciation?</h3>

Because of use, wear and tear, or obsolescence, the monetary value of an asset depreciates over time. Depreciation is the measurement of this decrease. Depreciation, or a decrease in the value of an asset, can be caused by a variety of other factors, such as unfavorable market conditions, etc.

Depreciation in Action - If a company buys a delivery truck for Rs. 100,000 and expects to use it for 5 years, the company may depreciate the asset at a rate of Rs. 20,000 per year for 5 years.

To know more about  Depreciation follow the link:

brainly.com/question/1203926

#SPJ4

You might be interested in
Riverbed Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,280, Land $49
Rzqust [24]

Answer:

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

The debit and credit side of the balance sheet should always be equal and balanced.  

Moreover, it always is prepared on the specified date.

The land is a fixed asset and patents is an intangible asset. Thus these items would not come in the current asset section

The preparation of the current assets section of the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

5 0
3 years ago
A project manager has just found out that a major subcontractor for her project is consistently late delivering work. The projec
Olenka [21]

Answer:

compromise

Explanation:

Compromise as a conflict resolution strategy is one that involves finding acceptable reasons such that all the parties involved in the conflict have their concerns satisfied partly.

The project manager saying "You both will have to give up something to solve this problem" means that both parties involved in the conflict will have to come to an agreement that suits or benefits both parties.

Cheers.

6 0
3 years ago
Help me pleaseee!!!!
Allisa [31]
A, type of economy ($)
8 0
3 years ago
Which of the following statements is NOT CORRECT? a. Free cash flows are assumed to grow at a constant rate beyond a specified d
Sveta_85 [38]

Answer:

the free cash flow valuation model can be used to find the value of a division

3 0
3 years ago
Elevators, Inc. does considerable business overseas for high-rise luxury hotels. To speed up the building permit process, it aut
AleksAgata [21]

Answer:

No, Elevators, Inc. has not broken the law because payment was made in United States currency.

Explanation:

It operates a substantial business abroad for high-end luxury hotels. It authorized a project manager to "charge" a government official a charge of 500 for speeding up the building permit process. so

  • Under the law, it is illegal to bribe foreign officials to get business. But there is an exception to "facilitation payments", also known as grease payments made to speed up general government functions.
  • Flexible payments can be used to persuade government officials to perform work that is already being done. Although many have argued that such payments are important for their operations in some areas, such as Asia and Africa, the difference between facility payment and bribery remains unclear.

3 0
3 years ago
Other questions:
  • Psychological needs are those for necessities such as safety, security and health. True False
    15·1 answer
  • Which of the following statements is correct? Managers will be more likely to pursue projects that will benefit the entire compa
    5·1 answer
  • The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and
    15·1 answer
  • Corporate annual reports typically do not contain
    5·1 answer
  • The stockholders’ equity section of Blue Spruce Corp.’s balance sheet consists of common stock ($8 par) $1,104,000 and retained
    12·1 answer
  • A natural monopoly is a monopoly that arises because one firm can meet the entire market demand at a lower average​ _____ cost t
    5·1 answer
  • Abbott Corporation splits its common stock 4 for 1, when the market value is $40 per share. Prior to the split, Abbott had 50,00
    15·1 answer
  • Garrett has just purchased a beer distributorship. He wants to increase the visibility of his firm in local markets, but he know
    7·1 answer
  • In the registration statement filed with the SEC, DrugsUSA stated that it had three different medicines approved by the Food and
    10·1 answer
  • A firm can produce 1,000 bushels of wheat per year with two workers or 1,300 bushels of wheat per year with four workers. The ma
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!