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natita [175]
2 years ago
9

A fixed asset with a cost of $30,271 and accumulated depreciation of $27,243.90 is sold for $5,146.07. what is the amount of the

gain or loss on disposal of the fixed asset?
Business
1 answer:
pochemuha2 years ago
5 0

The quantity of the advantage or loss on disposal of the fixed asset is $2,184.49 benefit

Solution:

Price of asset = $31,207 - $28,086.30 = $three,one hundred twenty.70

Advantage = $5,305.19 - $3,120.70 = $2,184.forty-nine

The advantage of the disposal of fixed assets is $2,184.49. because the cost of an asset after deducting amassed depreciation is $three, one hundred twenty.70 is less than the offered fee of the asset at $five,309.19 it's miles a benefit.

A fixed asset is an extended-time period tangible asset that a firm owns and makes use of to produce earnings and is not expected to use or sold within a yr. fixed property, also daily long-lived belongings or belongings, plants, and gadgets, are a term used in accounting for property and belongings that can't without difficulty be converted into everyday coins. constant belongings are special from present-day belongings, inclusive of cash or financial institution debts because the latter are liquid assets.

A fixed asset can consist of homes, day-to-day equipment, software program, fixtures, land, machinery, and motors. for example, if an employer sells produce, the delivery trucks it owns and uses are constant belongings. constant belongings are business enterprise-owned, long-term tangible assets, including styles of belongings or devices. these assets make up its operations daily and generate profits. Being a fixed method they cannot be consumed or converted into everyday coins within a year. As such, they're difficult everyday depreciation and are considered illiquid.

Learn more about fixed asset here: brainly.com/question/11209470

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What would be a barrier to a child’s mental development?
kirill [66]

Not having experiences that help them make good choices though out the rest of their lives. Also someone to guide them through times good and bad to help them make the right choices.

5 0
3 years ago
Bad Debt Expense info:Allowance for Doubtful Accounts has a credit balance of $1,000. Credit sales are $500,000. Cash sales are
kow [346]

Answer:

Bad Debt Expense $24,000 Dr

Allowance for Doubtful Accounts $24,000 Cr

Explanation:

Data:

BB = Beginning Balance = $1,000

CS = Credit Sales = $500,000

CH = Cash Sales = $500,000

SM = Percentage Sales Method = 5% = 0.05

U = Uncollectible = $25,000

AR = Accounts Receivable = $200,000

ADA = Allowance for Doubtful Accounts = ?

Calculations:

ADA = U - BB = $25,000 - $1,000 = $24,000

Net Realizable Cash Value = AR - ADA = $200,000 - $24,000 = $176,000

Balance in the Allowance Account after the adjusting entry = BB + ADA = $1,000 + $24,000 = $25,000

Journal entry:

Bad Debt Expense $24,000 Dr

Allowance for Doubtful Accounts $24,000 Cr

Hope this helps!

8 0
4 years ago
Since she was hired four months ago, Janelle has performed poorly on many aspects of her job. This is likely to be attributed to
elena-s [515]

Answer:

internal causes

Explanation:

Based on the information provided within the question it can be said that this is most likely to be attributed to internal causes. This term refers to various different attributes within an individual such as their traits, abilities, or even emotional feelings from different events in their lives. These factors are what are most likely affecting Janelle in her new job.

6 0
3 years ago
Your friend currently works as an accountant in a public accounting firm in a small town called stillwater in minnesota. he is o
charle [14.2K]
12,000 is the right one
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Security a has an expected rate of return of 0.12 and a beta of 1.2. the market expected rate of return is 0.10, and the risk-fr
ivanzaharov [21]

The alpha of the stock is <u>6.6%</u>.

Alpha is also a degree of risk. With an alpha of - 15 means, the investment changed into far too risky given the go back. An alpha of 0 suggests that an asset has earned a return commensurate with the risk. Alpha of more than 0 means an investment outperformed, after adjusting for volatility. The process to calculate the alpha of the stock is: 0.12-[0.33+1.2(0.10+0.33)]= 0.066 = 0.066 * 100 = 6.6%

The expected return on monetary funding is the predicted fee of its return. it is a measure of the middle of the distribution of the random variable this is the return.

The risk-free rate is the rate of return offered by funding that consists of zero threat. Each investment asset contains a few levels of risk but is small, so the risk-free fee is something of a theoretical idea. In exercise, it is considered to be the interest rate paid on brief-term government debt.

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3 0
2 years ago
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