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3 years ago

Losses on the sale of long-term assets for cash:

Business

1 answer:

atroni [7]3 years ago

5 0

Answer: (D) Are the excess of the book value over the cash received

Explanation:

The long term assets are mainly said to be sell in loss when, the actual selling price of the long termed investment are less than the value of the book and also the carrying value of the investment in books.

We can also find out the actual gain or loss as if cash receive are greater as compared to the assets vale of the book, then it is said to be gain. If cash receive are less as compared to the assets value of the book, then it is said to be loss.

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Your organization has experienced multiple incidents of graffiti tagging and people loitering in the parking lot despite the cha

n200080 [17]

Answer: Change the chain-link fencing to anti-scale fencing

Explanation:

Graffiti refers to the drawings or the writings on a surface in public places and tagging simply has to d with writing of artist's logo signature, or names,on a wall.

The best solution to the issue of graffiti tagging and people loitering in the parking lot is to change the chain-link fencing to anti-scale fencing. By doing this, people won't be able to loiter around.

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4 years ago

The pharmaceutical industry often justifies the high prices for new drugs by arguing that they research as many as one hundred n

gizmo_the_mogwai [7]

Blockbuster is your answer

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4 years ago

Paul invested $10,000 in a security that will double in value in ten years. Approximately what annual rate of return is this inv

Setler79 [48]

The right answer for the question that is being asked and shown above is that: "5.8 percent." Paul invested $10,000 in a security that will double in value in ten years. Approximately the annual rate of return is this investment making is <span>5.8 percent</span>

4 0

3 years ago

Jackpot Mining Company operates a copper mine in central Montana. The company paid $1,150,000 in 2021 for the mining site and sp

poizon [28]

Answer:

a. Determine the cost of the copper mine.

$2,104,430

b. Prepare the journal entries to record the acquisition costs.

Date X, 2021, acquisition of copper mine

Dr Copper mine 2,104,430

Cr Cash 1,780,000

Cr Asset retirement liability 324,430

July 1, 2021, acquisition of mining equipment

Dr Equipment 150,000

Cr Cash 150,000

Explanation:

estimated restoration costs = ($330,000 x .25) + ($430,000 x .4) + ($630,000 x .35) = $475,000

now we must adjust the restoration cost and determine its present value = $475,000 x 0.68301 (present value factor, 10%, 4 periods) = $324,430

total cost of copper mine = purchase cost + preparation costs + restoration costs = $1,150,000 + $630,000 + $324,430 = $2,104,430

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3 years ago

The following information is available for Lock-Tite Company, which produces special-order security products and uses a job orde

pishuonlain [190]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

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3 years ago