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Effectus [21]
4 years ago
13

Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the dis

posal of the machine on January 1 in each seperate situation. a) The machine needed extensive repairs and was not worth repairing. b) Diaz disposed of the machine, receiving nothing in return. c) Diaz sold the machine for $35,000 cash. d) Diaz sold the machine for $68,000 cash. e) Diaz sold the machine for $80,000 cash.
Business
1 answer:
Vinvika [58]4 years ago
8 0

Answer: There will be separate entries for all the situations.

<u>Explanation:</u>

Entry 1 Loss on disposal of the machine 68000                      Accumulated depreciation of the machine 182000                       machine 250000    

Entry 2 Cash 35000

Loss on sale of machines 33000

Accumulated depreciation 182000

machine 25000

Entry 3 Cash 68000

Accumulated depreciation - machine 182000

machine 250000                                                                                                                                                    

Entry 4 Cash 80000  

Accumulated depreciation - machine 182000

Gain on sale of machine 12000

machine 250000                                                                            

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3 years ago
Explain how the political systems of countries differ. Explain how the economic systems of countries differ. Explain how the leg
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<h2>Every country operate in a different yet similar system of both political and social affairs.</h2>

Explanation:

Every country operate in a different yet similar system of both political and social affairs. In terms of political differences, some countries have parliamentary governments while some countries like the US have presidential governments.

Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.

In economic terms, the differences occur when governments prioritize what economic policies or model they choose to implement. Economic systems of a country change according to the need of the times. For instance,  China initially, after its independence, chose to remain a closed economy until it reformed its policies in 1978 to finally open up the country.

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As we know the political economy refers to both the political and economic systems of a country, management practice of national differences is important to taken into account before securing economic relations with another country. Management practice of national differences helps in finding favorable economic and political systems around the world for a country to make both economic and political partnership with.

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3 years ago
The disagreements between Hamilton and Jefferson led to a revised Constitution. a reformed Congress. new cabinet members. new po
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Explanation:

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A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 116% of its $1,000
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Answer:

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Explanation:

The computation of the invoice price of the bond is shown below:

As we know that

Invoice Price of Bond = Ask Price of Bond + Accrued interest

where,

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= $14.75

So,

Invoice Price of Bond is

= $1,160.00 + $14.75

= $1,174.75

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4 years ago
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