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leva [86]
3 years ago
6

On December 31, Strike Company has decided to discard one of its batting cages. The initial cost of the equipment was $208,831.0

0 with an accumulated depreciation of $187,947.90. Depreciation has been taken up to the end of the year. The following will be included in the entry to record the disposal. Select the correct answer. Accumulated Depreciation Dr. $208,831.00 Equipment Cr. $208,831.00 Gain on Disposal of Asset Cr. $20,883.10 Loss on Disposal of Asset Dr. $187,947.90
Business
1 answer:
borishaifa [10]3 years ago
5 0

Answer: Equipment Cr. $208,831.00

Explanation:

The Asset was purchased at a cost of $208,831.00 and this was reflected in the Equipment account.

When disposing of the Equipment therefore, the Equipment account has to be credited by a total amount corresponding to the same amount which is $208,831.00 to ensure that the asset will be removed from the Equipment account as it is no longer in the company.

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What this agent has to do should be to advise the buyer that there may be special assessments levied against property.

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The agent here has to tell the buyer that the reason for these taxes is the fact that there are other levies on the property.

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4 0
3 years ago
________ seeks to better run an organization using complete and accurate information and management processes or controls.
Paha777 [63]

Answer:

Governance

Explanation:

Governance is a systematic way of how power is exercised for effective management of state/country economy and social resources for development of the state. Governance involved establishing policies and complete monitoring of the policies by the government using all legal tools permitted by the constitution of the state/country to seek accurate information and management control of resources in other to deliver good governance for the betterment of the people.

8 0
3 years ago
Read 2 more answers
The Outlet needs to raise $3.2 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds
Pani-rosa [81]

Answer:

14,783.33 bonds

Explanation:

Given

Par value FV = $1000

n =20 * 2 =40

R= 7.80/2 = 3.90%

Price per bond:

price per bond :PV = \frac{FV/}{(1+r)^n}

     = \frac{000}{(1+0.039)^{40}}

      = \frac{1000}{4.619786467}

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No. of bonds to be issued = \frac{amount to raise}{ price per bond}

                                           = \frac{3,200,000}{216.46}  

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3 0
3 years ago
Akuntansi keuangan perusahaan​
schepotkina [342]

Answer:

workplace in New York City and delivered a summons to appear in court in Maryland. The lawsuit against her relates to property damage that occurred in a home sh rented in New Jersey, which

5 0
3 years ago
Recently, some college alumni started a moving service for students living on campus. They have 3 employees and are debating hir
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Answer: a. 2

b. $200

c. Should not

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a. The new employee's marginal product of labor is ______.

This will be:

= 5 - 3

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Since the company charges $100 for a moving job, the value of the marginal product will be:

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3 years ago
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