1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dennis_Churaev [7]
3 years ago
14

Leesburg sold a machine for $2,200 on november 10th of the current year. the machine was purchased for $2,600. leesburg had take

n $1,200 of depreciation deductions on the machine through the date of the sale. what is leesburg's gain or loss realized on the machine?
Business
1 answer:
taurus [48]3 years ago
7 0
The original price of the machine is $2,600 but it has a depreciation value now of $1,200.

*original price - depreciation value = machine's existing value*
$2,600 - $1,200 = $1,400

However, they've sold the machine for $2,200 instead of 1,400 (which is supposedly the existing price). So, they've gain $800 ($2,200 deducted by $1,400) out from this transaction. 
You might be interested in
A tenant with a triple net lease rents a building that has the following yearly operating expenses: Property taxes $5,000, Utili
bonufazy [111]

Answer: $13500

Explanation:

The triple net lease refers to a lease agreement whereby the tenant pays all the property expenses such as property taxes, building insurance, utilities, repairs and maintenance.

Therefore, based on the question given, the expenses to be paid will be:

Property taxes = $5,000

Add: Utilities = $7,000

Add: Repairs & Maintenance = $1,500

Total = $13500

4 0
3 years ago
If during an advertising campaign a certain portion of advertising runs continuously, and then during specific periods additiona
OleMash [197]
Pulsing advertising does exactly that, continuous advertising year round and then a bump in advertising when sells peak. Pulsing<span> combines </span>flighting<span> and continuous </span><span>scheduling.</span>
6 0
3 years ago
James Mfg. is currently operating at only 86 percent of fixed asset capacity. Fixed assets are $387,000. Current sales are $510,
aleksandr82 [10.1K]

Answer:

wrtghtrehgergheghrth

Explanation:

4 0
3 years ago
Costs and benefits that should be ignored when making decisions are called ______ costs and benefits.
miskamm [114]

The first step in making a choice is to define the issue at hand. When making judgments, related costs and benefits should be evaluated. When making judgments, extraneous costs and advantages should be overlooked.

8 0
2 years ago
Read 2 more answers
You own a portfolio that has $1,600 invested in Stock A and $2,700 invested in Stock B. Assume the expected returns on these sto
Rina8888 [55]

Answer:

the expected return on the portfolio is 14.77%

Explanation:

The computation of the expected return on the portfolio is shown below:

The expected return is

= ($1,600 ÷ $4,300) × 11% + ($2,700 ÷ $4,300) × 17%

= 14.767 %

= 14.77%

The $4,300 comes from

= $1,600 + $2,700

= $4,300

hence, the expected return on the portfolio is 14.77%

The same is considered

3 0
3 years ago
Other questions:
  • Dillon Labs has asked its financial manager to measure the cost of each specific type of capital as well as the weighted average
    13·1 answer
  • Rent-a-Furniture Center is offering a living room set that retails for $799 for $25 per week for 1 year. What is the percent mar
    5·1 answer
  • A man buys 4.5 acres of land for $78,400. an adjoining owner wants to purchase a strip of this land measuring 150 feet by 100 fe
    7·1 answer
  • In the united states the largest expenditure component of gdp is
    9·2 answers
  • Which of the following applies to the "value of money"?
    6·2 answers
  • What are two good interview questions?<br> PLZ help!!
    11·1 answer
  • Why do you think celebrities bother to involve themselves in politics?
    14·1 answer
  • Alternative or non-traditional assessments are become more popular among teachers. One type of alternative assessment is called
    7·1 answer
  • Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $95,40
    14·1 answer
  • What is the main challenge that red frog events faces as the organization grows?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!