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xeze [42]
3 years ago
5

Marquez purchased some equipment for $58,750 on August 15, 2018. He decided he did not need the equipment so he sold it on June

13, 2019 for $56,500. The equipment was subject to depreciation of $6,964 for 2018 and 2019. What gain or loss will Marquez recognize on the sale of the equipment? g
Business
2 answers:
Alina [70]3 years ago
7 0

Answer:

Marquez will recognize a gain of $4714

Explanation:

The gain or loss on disposal of a fixed asset is calculated by deducting the carrying value of an asset from the sales proceeds. If the carrying value is higher than the cash received from the sale, there is a loss on disposal and vice versa.

The carrying value of an asset is,

Carrying value = Cost - Accumulated depreciation

The carrying value for Marquez's equipment is,

Carrying value  = 58750 - 6964  =  $51786

The gain/loss on sale is = 56500 - 51786  =  $4714 Gain

Stels [109]3 years ago
4 0

Answer:

A gain of $4,714

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.

The carrying amount of an asset is the difference between the cost of the asset and the accumulated depreciation of the asset.

Carrying amount

= $58,750 -  $6,964

= $51,786

Gain/(loss) on disposal = $56,500 - $51,786

= $ 4,714

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In long-run equilibrium, a purely competitive firm will operate where price is:
Anvisha [2.4K]

Answer:

D. equal to MR, MC, and minimum ATC.

Explanation:

Long run equilibrium is the equilibrium of a perfect competitive market occurs, when there is the Marginal Revenue  is equal to the marginal cost and  average total cost of the company product. It is the sum of all the market short run supply curve's series. So the correct option is D. equal to MR, MC, and minimum ATC.

4 0
3 years ago
Stockholders have residual claim on all assets after debt is paid and therefore have ____ risk than bondholders.
ddd [48]

Answer:

b) higher

Explanation:

As we know that the bondholders would be have more priority as compared with the shareholders either they have high risk as compared with the bond holders

So as per the given situation, in the case when the stockholder has the residual claim on all the assets after the payment of debt. This leads to high risk as compared with the bondholders

Therefore the correct option is B.

8 0
3 years ago
One year ago, you bought shares of Aaon, Inc at $36.48 a share. You received a dividend of $1.62 per share last month and sold t
Pie

Answer: 12.88%

Explanation:

The following information can.be inferred from the question:

Purchase price of share = $36.48

Dividend = $1.62

Selling price = $41.18

Capital gain = $41.18 - $36.48 = $4.70

Capital gain yield:

= Capital gain / Purchase price × 100

= (4.70 / 36.48) × 100

= 0.1288

= 12.88%

7 0
3 years ago
Which of the following is an advantage of consumer credit?
Ksivusya [100]

D. It can allow you to save money if you time your purchases correctly.

For example, you could purchase something when it goes on sale and pay it off with minimal interest rather than waiting to save up money and buying at full price. (the other answer choices are all disadvantages to consumers).

8 0
3 years ago
I need help with this problem.
jeyben [28]
     its not a problem up there i don't see one nor the upload

 
8 0
3 years ago
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