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slava [35]
2 years ago
13

purchased equipment on January​1, 2018​,for $ 27 comma 419.Suppose Duck Pond Golf Club Sold the equipment for $ 19 comma 000 on

December 31 comma 2019.Accumulated Depreciation as of December​31, 2019​,was $ 12 comma 186.Journalize the sale of the​ equipment, assuming​ straight-line depreciation was used.
Business
1 answer:
ale4655 [162]2 years ago
3 0

Answer:

31 December 2019

Cash                                      19000 Dr

Accumulated depreciation  12186 Dr

            Equipment                        27419 Cr

            Gain on disposal              3767 Cr

Explanation:

Straight line depreciation method charges a constant depreciation expense through out the useful life of the asset.

To calculate the gain or loss on disposal/sale of an asset like this, we need to first determine the book value or carrying value of asset on that day.

Carrying value = Cost - Accumulated depreciation

Carrying value = 27419 - 12186

Carrying value = $15233

Gain or (loss) on disposal = Cash/Sale proceeds - Carrying Value

Gain or (loss) on disposal = 19000 - 15233

Gain or (loss) on disposal = $3767 Gain

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Neporo4naja [7]

Strategic leaders manage the organization's resource portfolio effectively to exploit its core competency by organizing them into capabilities, structuring the organization to use the capabilities, and developing and implementing a strategy to leverage its human capital and social capital resources to achieve a competitive advantage.

Strategic leadership is required to help firms successfully navigate the dynamic and uncertain environment in which they need to compete today.

Human capital is the firm's repository of valuable knowledge and skills whereas social capital provides access to critical resources.

Human capital is the organization’s intellectual capital, which includes competencies, knowledge, skills and creativity.

According to the definition given in the Oxford dictionary Social capital is  “the networks of relationships among people who live and work in a particular society, enabling that society to function effectively”.

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8 0
1 year ago
A 10-year (zero-coupon) Treasury bill with face value of $100 per share is selling at $70.89 per share. There is a 10-year corpo
olga55 [171]

Answer:

3.5%

Explanation:

the yield to maturity of a zero coupon bond is calculated using the following formula:

YTM = (face value / current market value)¹/ⁿ - 1

YTM = ($100 / $70.89) ¹/¹⁰ - 1 = 3.5%

the way you can check if your calculations were correct is to find the future value of the bond using the YTM = $70.89 x (1 + 3.5)¹⁰ = $99.997 ≈ $100

7 0
2 years ago
A dentist shares an office building with a radio station. The electrical current from the dentist's drill causes static in the r
wariber [46]

Answer:

The dentist should get a new drill and it does not matter who pays for the new drill

Explanation:

Based on the information given the economically efficient outcome is that The dentist should get a new drill and it does not matter who pays for the new drill reason been that the building is been share by both the dentist and the radio station in which the electrical current from the dentist's drill was the one who causes static in the radio broadcast making them to lose some amount of money which means the dentist should go ahead and buy a new drill in which it does not matter who pays for the drill because they both shared the building .

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3 years ago
Which of the following are consistent with the efficient markets hypothesis? Check all that apply. You should spend several hour
denis23 [38]

Answer:

1. Stock markets reflect all available information about the value of stocks AND

2. Changes in stock prices are impossible to predict.

Explanation:

The characteristics that are consistent with the efficient markets hypothesis are that

1. Stock markets reflect all available information about the value of stocks

<em>By definition efficient markets are those whose asset prices reflect all available information.</em>

2. Changes in stock prices are impossible to predict.

<em>The efficient market hypothesis has been described as a backbreaker for forecasters. In its crudest form it effectively says that the returns from speculative assets, are </em><em><u>unforecastable</u></em><em>.</em>

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2 years ago
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