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Bad White [126]
3 years ago
11

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

the disposal of the milling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return.
Business
1 answer:
damaskus [11]3 years ago
8 0

Answer:

Loss on Dispossal     68,000

Acc Depreciation     182,000

   Milling Machine                 250,000

Explanation:

acquisition           250,000

acc depreciation  (182,000)

book value              68,000

Because no return is possible for the milling machine <u>all the book value will be considered a loss on dispossal</u>

Loss on Dispossal     68,000

Acc Depreciation     182,000

   Milling Machine                 250,000

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marta [7]

Answer:

The correct answer here would be option D) more of textbooks would be consumed and less of coffee would be consumed.

Explanation:

In economics, substitution effect refers to a situation where there is change in demand of one good in response to the change in price of other goods. Same situation is taking place here as now the price of textbooks have decreased , Ariana will now look to consume more of textbooks and less of coffee.

4 0
3 years ago
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Summary financial information for Paragon Company is as follows. Dec. 31, 2014 Dec. 31, 2013 Current assets $ 203,600 $ 254,000
beks73 [17]

Answer:

Current assets:

Amount = 2014 value - 2013 value

             = $203,600 - $254,000

             = -($50,400) (Negative)

percentage changes = \frac{Amount}{2013\ value}\times100

                                    = \frac{50,400}{254,000}\times100

                                    = (19.84)%

Plant assets:

Amount = 2014 value - 2013 value

             = $1,397,000 - $831,700

             = $565,300

percentage changes = \frac{Amount}{2013\ value}\times100

                                    = \frac{565,300}{831,700}\times100

                                    = 67.96%

Total assets:

Amount = 2014 value - 2013 value

             = $1,600,600 - $1,085,700

             = $514,900

percentage changes = \frac{Amount}{2013\ value}\times100

                                    = \frac{514,900}{1,085,700}\times100

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2 years ago
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Answer:

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3 years ago
When a seller advertises goods for sale on a web site, that seller is making an offer to potential buyers.
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I believe that the answer is true.
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3 years ago
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J. M. Keyes put all his money in one stock, and the stock doubled in value in a matter of months. He did this three times in a r
adell [148]

Answer:

Lucky event

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This is an exams of lucky event problem in determining market efficiency.

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