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Semmy [17]
3 years ago
15

Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a milling machine that cost $250,000 and has accumulated depreciation o

f $182,000. Prepare the entry to record the disposal of the milling machine on January 3 in each of the following independent situations. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return. Diaz sold the machine for $35,000 cash. Diaz sold the machine for $68,000 cash. Diaz sold the machine for $80,000 cash.
Business
1 answer:
kogti [31]3 years ago
7 0

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $0

  Accumulated Depreciation-Machinery Dr, $182,000

   Loss on Disposal of Machinery Dr, $68,000

               To Machinery $250,000

(Being Equipment disposed is recorded)

2. Cash Dr, $35,000

  Accumulated Depreciation Dr, $182,000

  Loss on sale of Machinery Dr, $33,000

                   To Equipment $250,000

(Being Equipment sold is recorded)

3. Cash Dr, $68,000

    Accumulated Depreciation Dr, $182,000

              To Equipment $250,000

(Being Equipment sold is recorded)

4. Cash Dr, $80,000

   Accumulated Depreciation Dr, $182,000

               To Gain on sale of equipment $12,000

               To Equipment $250,000

(Being Equipment sold is recorded)

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In the Keynesian-cross model with a given MPC >0, the government-expenditure multiplier ______ the tax multiplier.
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Answer:

the government-expenditure multiplier _Is larger than_ the tax multiplier.

Is larger than

Explanation:

Keynesian Cross Model otherwise known as expenditure-output model is used to determine the point where total or aggregate expenditures in the economy are intercept the amount of output produced, i.e equilibrium level of real GDP. In economy, if MPC >0, the government-expenditure multiplier is larger than the tax multiplier.

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What is a secured loan
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" A secured loan is, a loan in which borrower pledges some asset as calateral for the loan, which them becomes a secured dept owned to the creditor who gives the loan."
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3 years ago
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Danny recently started revising his résumé after his managers failed to give him a pay raise that he felt would rightly compensa
Alekssandra [29.7K]

Answer: (E) Distributive Justice

Explanation:

 The distributive Justice is one of the type of concept that helps in illustrating the concept of distribution or allocation of the various type of goods and the services at equal amount in an organization.

 The importance of the distributive justice is to provide the equal and fair right among each employee in an organization so that the employees or any member of the company does not feel any type of discrimination.

According to the given question, Danny faced a pay discrimination in his company that hiss manager increase their workload but the salary is remain the same. So, his resentment is basically reflect the lack of distributive justice in an organization which is related to his pay.    

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4 0
3 years ago
Which is not among the current strategies used to prevent lead poisoning?
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The answer to this question is labels<span> on lead-based paint
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A thief steals an ATM card and must randomly guess the correct three​-digit pin code from a 9​-key keypad. Repetition of digits
ololo11 [35]

Answer:

The thief has a 0.11% probability of hitting the pin code on the first try.

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Simply, if the ATM card has a 3-digit code that can be repeated, and the board has 9 numbers (for example, from 1 to 9), we must start from the smallest number that could be formed with these numbers to the highest number that these numbers could also compose, which in the case would be 111 and 999. Then, 889 different numbers could be formed (it is the distance between 111 and 999), with which the possibility of hitting the key to the first attempt would be 1 in 889 times, or 1/889.

To take the probability to a percentage, we must know that 889 / 8.89 gives 100. Therefore, dividing 1 / 8.89 we will know the percentage of probabilities of hitting the key on the first attempt: 1 / 8.89 = 0.11.

This shows us that the thief has a 0.11% probability of hitting the key on the first try.

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