Accumulated depreciation changed into disposed of for $27,000 cash. The access to file this event could include a gain of $3,000
Gross e-book fee=$54,000.00
Acc Deprecition=($30,000.00)
net e-book fee as on date of sale=$24,000.00
Sale Proceeds=$27,000.00
advantage =$3,000.00
Amassed depreciation is the sum of all recorded depreciation on an asset to a specific date. accumulated depreciation is supplied at the stability sheet just beneath the associated capital asset line. The wearing price of an asset is its ancient value minus collected depreciation.
As an example, if an organization purchased a bit of printing gadget for $ hundred,000 and the collected depreciation is $35,000, then the internet ebook price of the printing device is $65,000. $one hundred,000 - $35,000 = $65,000. gathered depreciation can't exceed an asset's price.
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Management has the responsibility to apply accounting standards when communicating with investors and creditors.
Management (or managing) is the process of overseeing the operations of a company, nonprofit, or governmental entity. It is both the science and the art of managing a company's resources.
Setting an organization's strategy and managing employee (or volunteer) efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management.
The terms "run the business" and "change the business" are used in management to distinguish between the continuation of the delivery of goods or services and the adaptation of those same goods or services to accommodate changing client demands - see trend.
The term "management" can also refer to managers, who are responsible for running a company.
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Answer:
This transfer is AN ASSIGNMENT.
The assignor transfers rights or benefits to another party, but duties and obligations are not transferable.
Revenue & Sales corporation is the assignor and Creditline LLC is the assignee. Revenue & Sales transferred the benefits of this contract, the $64,500, to CreditLine. But the assignor still has to design the software.
Answer:
Tesla Motors breached the contract they had with Sarah and they are liable under the firm offer rule.
Explanation:
The firm offer rule states that an offer shall remain open and firm until its expiration date (in this case September 15). Tesla Motors can revoke an offer (anyone can) but in order to do so, it must notify the other party about the revocation. If Tesla didn't properly revoke the offer before Sarah accepted it, then they are liable for it.