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
Ganezh [65]
3 years ago
14

gain or loss on the disposal of assets is determined by comparing the disposed asset's book value to the value of any assets rec

eived true or faslse
Business
1 answer:
frosja888 [35]3 years ago
6 0

Answer:

The statement is: True.

Explanation:

The disposal of assets implies removing assets from a company's accounting books. By doing so, the company must record the gain or loss over the asset when the disposal happens. That is determined by comparing the book value of the disposed asset with the market value of the acquired assets -if any.

You might be interested in
Which document is necessary for nearly everyone who applies for a job?
mestny [16]
I think it is an application OR a resume. That is usually what is necessary for applying for a job.
6 0
3 years ago
Uniform Supply accepted a $6,300, 90-day, 8% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform Su
Dovator [93]

Answer:

Debit Cash $6,426; credit Interest Revenue $21; credit Interest Receivable $105, redit Notes Receivable $6,300.

Explanation:

Based on the information given the appropriate journal entry that Uniform Supply should make on January 15 of the next year will be:

Debit Cash $6,426

($6300+$105+$21)

Credit Interest Revenue $21

($6300*8%*15/360)

Credit Interest Receivable $105

(6300*8%*75/360)

Credit Notes Receivable $6,300

6 0
3 years ago
Which of the following activities would be most likely to be accomplished using sampling?a. Sorting a file to identify the large
Tomtit [17]

Answer:

C. Selecting items and tracing back to source documents.

4 0
3 years ago
How can the military support your career goals
Setler [38]

Answer:

you can get money to further your education, also engage in stem activities.

Explanation:

4 0
3 years ago
Two roadway designs are under consideration for access to a permanent suspension bridge. Design 1A will cost $1.7 million to bui
Vladimir79 [104]

Answer and Explanation:

A. Given that Design 1A will cost $1.7 million to build and $175,000 per year to maintain

Given that Design 1B will cost $3.6 million to build and $40,000 per year to maintain

Both designs are assumed to be permanent

To find ROR using AW based rate of return equation, we find present value of each design and equate them:

Each design is permanent so

Present value of perpetuity:

Design 1A= 1700000+175000/r

Design 1B = 3600000+40000/r

=1700000+175000/r=3600000+40000/r

135000/r=1900000

Cross multiply

r=135000/1900000

r= 0.0710

r=7.10%

B Given that ROR=7.10% and MARR is 25%

MARR>ROR

Hence we reject both designs

5 0
3 years ago
Other questions:
  • Vanessa’s snowboard manufacturing company has encountered problems with one of its computerized decal makers. Vanessa might get
    12·1 answer
  • Which of the following statements about feedback is most likely false? Sometimes supervisors hesitate to use positive feedback b
    9·1 answer
  • What would be a best practice when managing the merchandise at a store?
    8·2 answers
  • Which provision of the purchase and sale agreement describes the circumstances under which the closing agent must withhold or no
    14·1 answer
  • A company's general ledger shows a cash balance of $4,590. Comparing the company's cash records with the monthly bank statement
    9·1 answer
  • A retailer in lincoln, nebraska, who wants to open a store that will sell surfboards and surfing accessories, finds that the loc
    10·1 answer
  • 2. Specify which of the following cash transactions would have resulted in the $2,500 posting to the account. (You may select mo
    10·1 answer
  • You are the executive director of a nonprofit that runs an animal shelter and animal services, such as low-cost spay/neuter prog
    6·1 answer
  • Determine if each of the following plans are short term, long term, or operational
    8·1 answer
  • Select all the correct answers.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!