Answer:
Loss= $7,500
Explanation:
<u>First, we need to calculate the book value of the equipment:</u>
<u></u>
Book value= purchase price - accumulated depreciation
Book value= 79,000 - 39,500
Book value= $39,500
<u>If the selling price is higher than the book value, the company made a profit by selling the equipment. </u>
<u></u>
Gain/loss= selling price - book value
Gain/loss= 32,000 - 39,500
Loss= $7,500
Answer: Yes it was
Explanation:
When considering where you should set up location, it is best to look at the cost of locating your business from various perspectives such as raw material acquisition, transport to suppliers, transport to customers and accessibility.
Depending on the business, some factors would have to be given more weight. In the above scenario, raw material acquisition and transport from suppliers should be given a higher weight because the goods are perishable and so costs would be high if the location is too far from the source of the fish.
Given that technology has made it easier to sell from many places, transport to customers is not as major a factor as transport to suppliers. The most important factor to focus on for this business therefore is raw material acquisition and by locating the company so close to the source, the cost to acquire the raw material from suppliers was heavily reduced so this was the best option.
I think it is grey with blue tinsel charts... 86/56
I guess the correct answer is 1040.
Amanda and Jack are working on their taxes and need to determine which form to file. They had wages, interest, and dividends. In addition, they bought a house this past year and are thinking of itemizing their deductions.
They should use the form 1040.
