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Nikolay [14]
3 years ago
13

A company purchased a machine for $100,000. The accumulated depreciation on the machine is now $100,000. Which of the following

statements is TRUE regarding the disposal of the machine for no cash proceeds?
A) There will be no gain or loss on the disposal.
B) The journal entry to record the disposal will decrease net assets.
C) The cost of the asset, but not its accumulated depreciation, must be removed from the books.
D) A gain or loss on the disposal can occur.
Business
1 answer:
Ostrovityanka [42]3 years ago
3 0

Answer:

A) There will be no gain or loss on the disposal.

Explanation:

Given that

Purchase value of a machine = $100,000

Accumulated depreciation = $100,000

Based on the above information

Since the purchase value is equivalent to the accumulated depreciation i.e. both the amount consist of $100,000

So at the time of sale of the machine no loss or gain should be there

Hence, the correct option is A.  

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This answer should be C
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Which of the following is not considered a credit?
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which of the following is not considered a credit?

overdraft fee

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Which of the following distinguishes mediation from negotiation? Group of answer choices vested authority with a third party dec
maxonik [38]

Answer:

The correct answer is the last option: Involving a third party.

Explanation:

To begin with, the major difference between the terms of negotiation and mediation is that in the last one there is a third party involved that seeks for the most quickly and benefitial deal for the both parties that are discussing, while in the negotiation there is not a third party and the two parties existing seeks for their own benefits, even if that means to harm the other person in the process of getting the best for one of them. That is why that the mediation needs to use a third party that has to be impartial to the situation and only wants the best for the parties in the conflict.

7 0
3 years ago
Net sales revenue for 2024 was and for 2025 was . what is the percentage of increase or decrease in net sales revenue for the tw
polet [3.4K]

The percentage of increase or decrease in net sales revenue  a decrease is 15.45%

Sales in 2024 = $110000

Sales in 2025 = $93000

Decrease in sales between two periods = ($110000 - $93000) = $17000

Percentage of decrease in sales = [($17000 / $110000 Base year) X 100]

=> 15.45% decrease in net sales revenue from 2024 to 2025

Net sales are gross sales generated by the business, excluding returns, rebates, and rebates. This number is used by analysts when making business decisions or analyzing a company's revenue growth.

Total sales are not adjusted for returns, rebates, and rebates. The earnings reported on the top line of a company's income statement are net earnings. Net sales are also known as net sales, net sales, or sales.

Revenue is the total amount of revenue from sales for a specific period. Quarters. Sales may be reported as net sales as they may include discounts and deductions from returned or damaged merchandise.

Learn more about  net sales revenue here:

https://www.plagiarismremover.net/

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6 0
2 years ago
Gammy Corporation provides services with a normal price of $800,000 and a trade discount of $100,000. Terms are 2/10, n/30 and t
oee [108]

Answer:

$686,000

Explanation:

net service revenue = gross revenue - discount for early payment

gross revenue = total sales price - trade discount

gross revenue = $800,000 - $100,000 = $700,000

net service revenue = $700,000 - 2%($700,000) = $700,000 - $14,000 = $686,000

4 0
3 years ago
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