1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anton [14]
3 years ago
13

Bateman Corporation sold an office building that it used in its business for $800,950. Bateman bought the building ten years ago

for $599,525 and has claimed $201,425 of depreciation expense. What is the amount and character of Bateman's gain or loss?
Business
1 answer:
LekaFEV [45]3 years ago
5 0

Answer:

The amount of Bateman's gain is $402,850, in character of profits from the sale of property and equipment

Explanation:

The gain of selling an asset is determined by the formula: Sale price minus Book value. The book value of the building is Cost minus accumulated depreciation. So, the book value is 599,525 - 201,425 = 398,100

Then, the amount of Bateman's gain is equal to 800,950 - 398,100 = 402,850.

You might be interested in
Abc company was originally divided into separate units based on function. last year, abc company expanded into several new geogr
7nadin3 [17]
Abc migrated to a Corporation type of company to reduce cost.
3 0
4 years ago
Read 2 more answers
This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.
SVEN [57.7K]

The  impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the  inflow of foreign financial capital as well as a better exchange rate.

<h3>How can budget deficit have effect on trade balance?</h3>

When there is a stronger exchange rate there will be a little bit difficult for all the  exporters that want to sell their goods to foreign countries,  and at this time the imports will become cheaper.

In this case, trade deficit  will definitely bring about  an inflow of foreign financial capital as well as a good exchange rate.

Learn more about budget deficit on:

brainly.com/question/1083134

#SPJ1

7 0
2 years ago
Suppose the economy is initially operating well below capacity. In this​ case, an expansionary macroeconomic policy will result
Damm [24]

Answer:

The correct answer is option B.

Explanation:

If an economy is working well below capacity this means there is huge amount of unused resources left. Resources or inputs at this point will be available at a relatively lower price. So the firms will be able to expand output at a cheaper rate.  

When the demand for inputs increase the input price will not increase much. So, the firms will be able to increase output and the price level will not increase by a great extent.

5 0
3 years ago
Explain the importance of thoroughly checking your SAR and what steps you can
melisa1 [442]

Based on financial analysis, the importance of thoroughly checking your SAR is that "possessing an accurate SAR gives individuals the high tendency of earning a financial aid award."

Generally, the financial aid awards depend on the accurate details given in the SAR report.

However, should there be an error in the SAR report, here is the step you can take:

Either you correct or update your Free Application for Federal Student Aid, often referred to as FAFSA form.

The FAFSA form can be filled online.

SAR is an acronym for Student Aid Report.

Hence, in this case, it is concluded that SAR information is crucial for students that need financial aids.

Learn more here: brainly.com/question/24801462

5 0
3 years ago
Cory issued a note to his creditor in exchange for an account. cory records the transaction by debiting
PIT_PIT [208]
I believe the answer is a. 
8 0
4 years ago
Read 2 more answers
Other questions:
  • A popular star has a half-hour television show describing a new dietary supplement that she claims has made her much healthier.
    15·1 answer
  • Phones R Us, a global phone company, frequently needs to respond quickly to fast-changing consumer tastes with its smartphones.
    15·1 answer
  • Surveys indicate that over 60% of all employees under the age of 25 are disengaged and unhappy with their jobs. What might accou
    13·1 answer
  • Which term describes the economy that revolves around providing intangible services such as restaurant work, health care provisi
    6·1 answer
  • A problem with the monetary unit assumption is that A. the dollar is a common medium of exchange. B. the dollar has been stable
    5·1 answer
  • You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery
    5·1 answer
  • A consumer is said to be indifferent between two consumption bundles _________.a. when the consumer doesn't care about his or he
    12·1 answer
  • List five steps of the budget process
    15·1 answer
  • Who is pressuring Mr. Patil to
    9·1 answer
  • Jane Smith, MD, has had a great year in her pediatrics practice and has cash that she wants to invest. Her financial adviser sug
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!