Answer:
Her recognized gain is $2,000
Explanation:
Data provided in the question:
Stock basis = $8,000
Fair market value = $6,000
Sale value = $10,000
Now,
Ralph's daughter recognized gain or loss will be
= Sale value - Stock basis
or
Ralph's daughter recognized gain or loss = $10,000 - $8,000
or
Ralph's daughter recognized gain or loss = $2,000
Here,
the positive value means that there is a gain.
Hence,
Her recognized gain is $2,000
Answer:
the true cost (opportunity cost) of going trekking is what the amount that you could have earned from your part time job on that day instead of going trekking. If you were planning to to study, then the true cost of trekking with your friend would be the loss of all the potential knowledge that you could have gain from studying.
Explanation:
opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen.
Answer:
fire & natural distaster.
Explanation:
homeowners insurance covers things that can't be prevented. :)
Answer:
Annual depreciation= $10,160 a year
Explanation:
Giving the following information:
Ivanhoe Company purchased a new machine on October 1, 2017, for $77,980. The company estimated that the machine has a salvage value of $6,860. The machine is expected to be used for 72,900 working hours during its 7-year life.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (77,980 - 6,860)/7= $10,160 a year
Answer:
B. $12,500
Explanation:
Accumulated depreciation is the cumulative depreciation of an asset up to a single point or current point in its life.
Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. Therefore when there's an entry of depreciation of an equipment, the current value is added to the previous total of the old entry. Therefore the balance of the the depreciation after current entry is the beginning balance of the depreciation plus the balance entered into the record.
In this case, the beginning balance was $10,000 and the entry was $2,500
Hence, balance of accumulated depreciation account after entry is 10000 + 2500 = $12,500
