The original price of the machine is $2,600 but it has a depreciation value now of $1,200.
*original price - depreciation value = machine's existing value*
$2,600 - $1,200 = $1,400
However, they've sold the machine for $2,200 instead of 1,400 (which is supposedly the existing price). So, they've gain $800 ($2,200 deducted by $1,400) out from this transaction.
Answer:
Energy Star Portfolio Manager
Explanation:
The Energy Star Portfolio Manager is available online and there you can check and compare how "green" a building or group of building is compared to others. Several environmentally issues are measured by this program, e.g. energy or water consumption, waste disposal, etc.
Answer:
The correct answer is Payroll register.
Explanation:
In accounting, the term payroll indicates the amount paid to employees for the work they have done in the company for a certain period of time, usually monthly or quarterly.
The payroll is very important in the financial accounting of a company for several reasons:
First, the importance of the nomic is vital in a company since it and the taxes derived from it significantly affect the net income of the company. It is also often the subject of numerous laws and regulations.
The payroll is also, of course, very important for its recipients: the employees. For a worker, the perception of his payroll is essential for his well-being.
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.