A company sold equipment that originally cost $280,000 for $140,000 cash. the accumulated depreciation on the equipment was $140,000. the company should recognize a $0 gain or loss.
The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.
Depreciation is a method of calculating the depreciation of an asset through use, wear and tear, and obsolescence. The value of most assets declines over time after purchase. Organizations should take this loss of value into account when analyzing performance and calculating costs.
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Answer:
A) $279,200
Explanation:
September sale: 302,000, 80% paid on credit which is = 80% x 302,000 = 241,600, of which 50% are collected in the following month (October), which is equal to 241,600 x 50% = $120,800
October sale = 264,000
20% paid on cash, which is = 20% x 264,000 = 52,800
80% paid on credit and 50% of which is collected in the month of sale (October) = 80% x 50% x 264,000 = $105,600
Total cash collections for October = 120,800 + 52,800 + 105,600 = $279,200
Buckette co. owned 60% of
shuvelle corp. and 40% of tayle corp., and shuvelle owned 35% of tayle.
<span>This pattern of ownership is called
a connecting Affiliation. This a type of mutual owner ship, like many people
have their family business and have shares in the business. If a company of
someone, who has his son and grandson and they are also have shares in that
company or owned by percentage, this is mutual ownership and the pattern is
connecting affiliation.</span>
Answer:
The correct answer is A. increased.
Explanation:
The equilibrium salary is the point of intersection between the labor supply curve and the labor demand.
At Wo, the number of hours offered by job offers is exactly equal to the number of hours companies wish to use. The Wo salary and the level of employment Qo is the only continuation of salary and employment with which the market empties.
If the salary were Wes there would be an excess supply or surplus of work which would lower the salary the salary to Wo: if the salary were Wed there would be an excess or shortage of demand and the salary would be raised to Wo, this means that having excess companies need to hire workers originating a salary increase to Wo. The inverse would be the point where the surplus of job supply causes wages to fall Wo.
All of the following statements related to bonds are correct regarding bonds except usually pay interest annually.
<h3>What does market price mean?</h3>
- The price at which a good or service can currently be bought or sold is known as the market price.
- The forces of supply and demand determine the market price of a good or service; the price at which the quantity supplied and demanded are equal is the market price.
<h3>How do you find the market price?</h3>
- Find the point where supply and demand are equal to calculate the market price.
- Find the market price by investigating factors such as market trends, the quantity of suppliers, and the number of current customers.
<h3>What is current price and market price?</h3>
- Market value is another name for the current price.
- It is the last traded price for a share of stock or any other security.
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