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Ksivusya [100]
4 years ago
10

On December 31, Strike Company traded-in one of its batting cages for another one that has a cost of $500,000. Strike receives a

trade-in allowance of $11,000. The old equipment had an initial cost of $215,000 and has accumulated depreciation of $185,000. Depreciation has been recorded up to the end of the year. The difference will be paid in cash. What is the amount of the gain or loss on this transaction?A. gain of 11,000B. no loss or gain will be recordedC. loss of 19,000D. loss of 11,000
Business
1 answer:
Ronch [10]4 years ago
5 0

Answer:

C. loss of 19,000

Explanation:

Old equipment cost = $215000 - $185000

                                 = $30000

Loss = $30000 - $11000

        = $19000 loss

Therefore, The amount of the gain or loss on this transaction is a loss of $19000.

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Answer:

commercialization stage

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4 years ago
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A supplier to Toyota stamps out parts using a press. Changing a part type requires the supplier to change the die on the press.
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<u>Explanation:</u>

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EOQ in nos. = USD 98000 divide by USD 100 (cos of each part) = 980 units

b)  Q = 980 divide by 4 = 245

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8 0
3 years ago
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AlekseyPX

Answer:

d) For Sale by Owner-Broker. Call Ed Hahn at 321-7788

Explanation:

From the above, we can see that the last option chosen contains the most complete information as against the others that do not state all relevant information. Laws in most countries covering advertising demand full disclosure of all relevant information when advertising a sale for instance or it would be considered illegal advertising. From the example, the seller had stated appropriately in the last option that he is an owner broker, letting the prospective buyer know that the property being sold is also owned or partly by the one who is listing the property for sale, or member of the listing team. The name is also stated the name which was not disclosed in the previous options

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3 years ago
How do public goods limit a free market economy?
marin [14]

Answer:

They allow government to make some economic decisions.

Explanation:

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4 0
3 years ago
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