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hram777 [196]
3 years ago
9

On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $206,790.00 w

ith an accumulated depreciation of $186,111.00. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $18,611.10. What is the amount of the gain or loss on this transaction
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

$2,068

Explanation:

As per given data

Cost of Cages = $206,790

Accumulated depreciation = $186,111

Selling Price = $18,611.10

Sale price of Asset is compared with the net book value of that asset to calculate the gain or loss arising from the sale of asset.

Net book value is the net value of the cost of asset and the accumulated depreciation of that asset.

Net Book Value = Cost of Cages - Accumulated depreciation

Net Book Value = $206,790 - $186,111 = $20,679

Selling Price = $18,611.10

Loss on Sale of asset = $20,679 - 18,611.10 = $2,067.9

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slope of this demand curve for pizza = <u>-1/40</u>

<h3>Briefly explained</h3>

Slope = changes in y/ changes in x

The shop sells 200 more pizzas if the price drops by $5 ($10 to $5). (100 to 300 pizzas) A good's quantity is always on the x-axis and its price is always on the y-axis. According to our justification, the cost is REDUCED by $5 (a reduction of -$5) and the quantity of pizzas sold rises by 200. The slope is therefore <u>-5/200 or -1/40.</u>

<h3>What is demand curve?</h3>

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The price will often be shown on the left vertical axis in a representation, and the amount needed will typically be shown on the horizontal axis.

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2 years ago
The management at Climate Action Development needs to recruit campaign managers for its Renewable Energy Project. They are looki
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6 0
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3 0
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