Book value on the date of disposal
Cost of the equipment - accumulated depreciation
45000-20000=25000
Gain on disposal of the equipment
Proceeds from sales - book value on the date of disposal
30000-25000=5000
The amount of gain on disposal (5000) is reported under “Other revenues and
gains” section of the income statement which increase the profit which transferred into shareholders equity. Also, the account of the equipment will be zero
So the answer is d
Hope it helps!
Answer:
The investment will have a value of $2875.60 after 6 years.
Explanation:
The formula to determine the final value of this investment at the end of this period is:
<em>Future Value= Present Value*(1+r)^n</em>
Where:
Present Value= Current value is capital today. In this case <u>$1,820
</u>
Future Value= It is the value that is generated as a result of a compound nominal rate applied to a certain number of periods in which said rate is applied plus the present value.
r= The interest rate at which the debt is generated is determined in percentage and its duration is annual. In this case <u>8%
</u>
n=The periods that the investment or debt will last. In this case there are <u>6 </u>periods because the investment is annual.
FV= 1820 *(1+0.08)^6
FV=1820*1.58
FV= 2875.60
The action that is reflected above shows the equity among sexes. This country believes that whatever education that its male constituents should also be received by the females. That is because women should also be given the privilege to learn.
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The bankruptcy public record is deleted from the credit report either seven years or 10 years from the filing date of the bankruptcy, depending on the chapter you filed. Chapter 13 bankruptcy is deleted seven years from the filing date because it requires at least a partial repayment of the debts you owe