Answer: $260,300
Explanation:
Depreciation per year was = (1,232,000 - 86,000) / 5
= $229,200
In 2021 May 1, 4 years and 4 months would have elapsed. Depreciation would be;
= 229,200 * 4.3333
= $993,200
Net book value on date of sale is;
= 1,232,000 - 993,200
= $238,800
If Gain of $21,500 was realized, cash price was;
= 238,800 + 21,500
= $260,300
Answer:
a. Debit Equipment; Credit Cash.
Explanation:
Backhoe is a fixed asset therefore, cannot be categorized as an expenditure, further it is paid in cash therefore, cash account will be credited, and further
Equipment will be debited, as asset account is debited if created or any value added in it , also in categorization the equipment will be clubbed in fixed assets but directly the amount will not be debited to fixed assets.
Therefore correct entry will be:
Debit Equipment
Credit Cash
Answer:
I would think about what I could use to get my audiences attention and something that would be interesting for everyone so that everyone can learn something.
Explanation:
Answer:
specialize in a specific area is the correct answer.
Explanation:
The correct answer should be d. the cost of groceries
Since the most correct answer would be production costs, in this case, the cost of groceries is the production cost as it is the cost of what you need for production.
