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
Marrrta [24]
3 years ago
12

Concord Corporation's comparative balance sheet at December 31, 2021 and 2020 reported accumulated depreciation balances of $125

3000 and $890000, respectively. Property with a cost of $74900 and a carrying amount of $57100 was the only property sold in 2021. Depreciation charged to operations in 2021 wasa. $380800.
b. $420100.
c. $345200.
d. $363000.
Business
1 answer:
natali 33 [55]3 years ago
7 0

Answer:

$380,800

Explanation:

When an asset is sold, the cost and accumulated depreciation are derecognized from the books. Without the sale of an asset, the depreciation charge for the year would be the only difference between the closing accumulated depreciation from prior year to current year.

Change in accumulated depreciation

= $1253000 - $890000

= $363,000

Accumulated depreciation

= $74900 - $57100

= $17,800

Depreciation

= $363,000 + $17,800

= $380,800

You might be interested in
Question help what is the definition of​ monopoly?
Juliette [100K]
Monopoly is a seller<span> that is selling a unique product in the market and in a </span>monopoly<span> market, the seller faces no competition. </span>
A firm that is a monopoly can ignore the actions of other firms. From the given option the following best describes monopoly:
<span>C: A monopoly is a firm that is the only seller of a product in a given industry.</span>
8 0
3 years ago
Darrell is in charge of facilities management at his company. He believes in helping the environment and knows the company can s
coldgirl [10]

The writing up of a plan with an explanation of why his idea is beneficial to the company is known as a business proposal.

<h3>What is a business proposal?</h3>

A business proposal simply means a document that's used by businesses to persuade someone about a product.

In this case, the board want him to write up a plan with an explanation of why his idea is beneficial to the company, a budget, and how he will use employees' time.

This is known as a business proposal.

Learn more about <em>business proposal</em> on:

brainly.com/question/25311149

4 0
3 years ago
During the current year, Comma Co. had outstanding: 25,000 shares of common stock; 8,000 shares of $20 par, 10% cumulative prefe
wlad13 [49]

Answer:

B) $7.36

Explanation:

The preferred stocks' dividends =  8,000 x $20 x 10% = $16,000

To calculate earnings per share (EPS), we subtract the preferred stocks dividends from the net income = $200,000 - $16,000 = $184,000

Now we divide by the total number of common stocks = $184,000 / 25,000 shares = $7.36

*Convertible bonds are not included in this calculation, they should be included only after they are converted into stock.

8 0
3 years ago
In nearly half the cases in which u.s. firms have requested protection from imports, one or more u.s. companies in the industry
victus00 [196]
The main reason is that they thought they could not only successfully battle international rivals, but could gain on weaker domestic competitors that failed to do so. This subject is related to mercantilism and one of the characteristics is the u<span>se of  high import barriers and export subsidies. </span>
3 0
3 years ago
(a) Write down 5 projects you think will lend themselves well to a Cost Benefit Analysis. Include for each of them, reasons as t
kati45 [8]

Answer:

A)

Food chain project, Tech startup, Road construction , expansion of clothing line, construction of dams

B)

Investment in stocks,  National economic planning , Railway construction , Employee housing,  Investment in Insurance

C)  The food chain project

D) Investment in stocks

Explanation:

A) 5 projects that will lend themselves well to a cost benefit analysis

  • Food chain project ; A food chain project can lend itself properly to cost benefit analysis, The owner or Financier of the project can estimate  the exact costs to be incurred in adding various delicacies to the Food chain project and he can also evaluate the revenue that each delicacy can generate at a given time based on the demand hence cost benefit analysis can be applied here
  • A tech startup : A tech startup can effectively implement cost benefit analysis by evaluating the cost of employing programmers based on their input and the revenue expected to be generated from the Tech startup products.
  • Road construction project : A road construction project is usually broken down into different project phases and this phases help the project coordinator to have an overview of the cost benefit of the project.
  • Expansion of a clothing line : In The expansion of a clothing line Cost Benefit Analysis can be applied, I.e. the cost of setting up clothing stores in various regions will be calculated first and then the expected profits from those outlets can be determine within a  period
  • construction of dams : The cost benefit analysis will compare the cost of building and the benefit / revenue to be generated in the long run

B)  5 projects that do not lend themselves to cost benefit analysis

  • Investment in stocks : The cost benefit analysis cannot be properly carried out in this can of project because some uncertainties associated with stocks
  • National economic planning project; Cost benefit analysis can not be properly implemented her because the sole aim of National economic planning is to sustain the economy and some uncertainties can erupt which was not included in the economic plan
  • Railway project : Due to the terrain of some areas the exact cost benefit analysis can not be properly implemented and also the scope of railway construction is broad in general.
  • Employee housing project : Cost benefit analysis cannot be implemented here because the housing project does not benefit the company that owns the building but just the employees
  • Investment in Insurance : The cost benefit analysis can not be properly implemented due to the uncertainties that life brings

C) In part A The best project for me  is

<em>The food chain project</em> and this is due to is simplicity in analysis via the cost benefit analysis

D) In part B the Least project for me is

<em>Investment in stocks </em>and this is due to the Volatility and uncertainty surrounding stock investment and trading

5 0
3 years ago
Other questions:
  • What to put on a job application for education if still in high school?
    9·1 answer
  • BSU Inc. wants to purchase a new machine for $35,500, excluding $1,400 of installation costs. The old machine was bought five ye
    7·1 answer
  • Zeus Industries sells satellite television systems. Recently, the company invested heavily in one of the many new technologies a
    10·1 answer
  • Marginal utility is defined as the A. change in total utility a person derives from the consumption of a good divided by the cha
    7·1 answer
  • Ambrose enters into a contract to buy 350 acres from belle vista farms to cultivate grapes and open a winery. refer to fact patt
    8·1 answer
  • c Along a downward-sloping straight-line demand curve beginning at the price where demand intersects the price axis, as price de
    6·1 answer
  • What is one result of competition in a free-market economy?
    15·2 answers
  • In 2016, the city of Vancouver collected $500,000 in taxes and spent $450,000. In 2016, the city of Vancouver had a
    12·1 answer
  • The Molding Department of Boswell Company has the following production data: beginning work process 40,000 units (60% complete),
    7·1 answer
  • In a given market, the market equilibrium price and quantity are $120 and 5 million units, respectively. At a price of $100, 4.8
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!