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3 years ago

HELPPP!!!!

2 answers:

7 0

The Answer should be E. Mobile Devices are more likely to be lost or stolen thus creating a higher chance of you information being used for someone elses self ambitions

Hope i helped :3

iren2701 [21]3 years ago

6 0

The correct answer is:
 E. Mobile devices are more likely to be lost or stolen.

If I made a mistake please feel free to tell me ^-^

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People who make goods and services are called PRODUCERS.

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Navajo Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer with a fair value o

UNO [17]

Answer:

Dr Computer $3,300

Dr Accumulated depreciation-Truck $18,000

Cr Truck - Fixed Asset $20,000

Cr Gain on disposal of truck (Balancing Figure) $800

Cr Cash Account $500

Explanation:

The disposal of a Fixed asset is a three step procedure and is given as under:

Remove the Accumulated depreciation and the cost of the fixed asset
Record the receipt of the consideration at Fair Value
Record the payment or receipt of the cash

Always remember that the balancing figure will go to Profit and loss statement.

Step1: Remove the Accumulated depreciation and the cost of the fixed asset

The asset value and the accumulated depreciation would be removed from the books of accounts and the balance figure would be transfered to profit and loss account.

Dr Accumulated Depreciation $18,000

Dr Profit & Loss Account $2,000

Cr Truck - Fixed Asset $20,000

Step2: Record the receipt of the consideration at Fair Value

Dr Computer - Fixed Asset $3,300

Cr Profit and Loss Account $3,300

Step3: Record the payment or receipt of the cash

The receipt of the payment will treated as:

Dr Profit and loss Account $500

Cr Cash Account $500

The aggregate Effect if I summarizee would be:

Dr Computer $3,300

Dr Accumulated depreciation-Truck $18,000

Cr Truck - Fixed Asset $20,000

Cr Gain on disposal of truck (Balancing Figure) $800

Cr Cash Account $500

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2 years ago

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I believe its B) the fourth and fifth

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