Answer:
$20,000 ordinary gain
Explanation:
Data provided in the question:
Cash proceeds from Selling of the equipment = $50,000
Purchasing cost of the equipment = $60,000
Depreciation expense = $30,000
Now,
The book value of the equipment
= Purchasing cost of the equipment - Depreciation expense
= $60,000 - $30,000
= $30,000
Since,
the amount of proceeds from sales is higher than the book value of the equipment
Therefore a gain will be recognized
The amount of Gain = proceeds from Selling - book value
= $50,000 - $30,000
= $20,000
Hence,
$20,000 ordinary gain
<span>Answer 70 minutes.
Explanation:
Total school working hours 8AM to 3:30 Pm is 420 minutes excluding the 30 min Lunch break.
Class hours = 7 periods of 50 minutes each = 350 minutes
so 420-350 =70 minutes time is spent in getting from one class or lunch period to another.</span>
Answer:
An office personal is a private office space. So having a private office you have more privacy, and this can result in higher productivity if your work requires full concentration.
Answer:
c. $5,000 $10,000
Explanation:
The shareholders of preferred stock corresponds dividends for:
2,000 X $50 X 4% = $4,000
In 2009, dividends for $3,000 were paid, which means that it was less than $4,000, the total amount corresponding to preferred shareholders, so, in 2010 they get $4,000 for the current year and $1,000 for the outstanding value of 2009.
If the total dividends paid in 2010 was $15,000, $5,000 goes to preferred shareholders and the rest to common shareholders
