Answer:
B. Loss on sale is $12,500
Explanation:
The equipment purchase on 1st January 2018. The equipment is sold of 1st July 2020. The duration for accumulated depreciation is 2.5 years. Using straight line method the depreciation will be:
[ 1,600,000 - 130,000 ] / 8 years * 2.5 years = 612,500
The book value for the equipment is 1,600,000 - 612,500 = 987,500
The equipment is sold for 1,000,000
There is gain on disposal of 12,500.
Answer:
U.S. GDP = $440
Explanation:
If Texas household receives a Social Security check for $, and after calculating the purchases the US GDP is as follows:
Shoes from the Thai and korean firm is part of imports
Imports = $40 + $1240 = $1280
Domestic consumption = $220
Security check is part of government spending = $1500
GDP =$1500 + $220 - $1280 = $440
Answer:
9.4%
Explanation:
Kps = Dps/Pps x Dps = $100 x 8% = $8, Kps = 8/85 = 9.4%
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