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mote1985 [20]
3 years ago
14

A copy machine costs $45,000 when new and has accumulated depreciation of $44,000, Suppose Print and Photo Center junks this mac

hine, receiving nothing.
What is the result of the disposal transaction?

a. No gain or loss
b. Gain of $1,000
c. Loss of $1,000
d. Loss of $45,000
Business
1 answer:
Alex_Xolod [135]3 years ago
4 0

Answer:

correct option is c. Loss of $1,000

Explanation:

given data

machine costs = $45,000

accumulated depreciation = $44,000

Sale value = $0

solution

first we get compute book value of machine at sale time  

Book value of machine = Cost of the machine - Accumulated depreciation   ...............1

put here value

Book value of machine = $45,000 - $44,000

Book value of machine = $1,000

and

now we get gain or loss on the sale of the machine

Loss on sale of machine = Book value of machine - Sale value    ..................2

put here value and we get

Loss on sale of machine = $1,000 - $0

Loss on sale of machine = $1,000

so correct option is c. Loss of $1,000

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An organization that mediates and resolves discord among members of society is what kind of organization?
Lesechka [4]

Integration orientation Organizations that help mediate and resolve discord among members of society.

Organizational integration :

IT is achieved when organizational goals are aligned between the external and internal influences. Organizational alignment promotes collaboration and teamwork across all areas of work internally within the organization. Organizational integration supports a company's resilience to external factors, such as its mission or business model, input and output, the economy, technology, political factors, social factors and stakeholders.

Why is integration important in an organization?

Integrating your business systems enables a holistic view of your customer, your data, and your organizational health. It creates a better customer experience and improves your internal workflow.

Learn more about integration organization :

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3 0
1 year ago
As the price level falls a. people will want to hold more money, so the interest rate rises. b. people will want to hold more mo
icang [17]

Answer:

The answer is C.

Explanation:

As the general price level decreases or falls, people will want to hold less money, so the interest rate falls.

As price level falls, value of money decreases because a unit of money will more of goods or services.

During this period people will want to hold less money because of the decrease in value and the excess money will be deposited in banks.

With this, the banks have more money to lend out and this will make the bank to reduce its Interest rate.

8 0
3 years ago
At the beginning of the year, a company predicts total overhead costs of $690,900. The company applies overhead using machine ho
nignag [31]

Answer:

$9,400

Explanation:

We know,

predetermined overhead rate for machine hour = \frac{total overhead cost}{total machine hour}

Given,

Total overhead cost = $690,900

Total machine hours = 1,470

Putting the values into the formula, we can get

predetermined overhead rate for machine hour = \frac{690,900}{1,470}

predetermined overhead rate for machine hour = $470

When we use a separate job, the overhead cost will be = predetermined overhead rate × total hours used by the job.

The amount of overhead should be applied to Job 65A if that job uses 20 machine hours during January  = 20 hours × $470 = $9,400

6 0
3 years ago
Suppose that the central bank has increased the money supply such that there is an additional $ 868981 in excess reserves. If th
Olin [163]

Answer:

$7,899,827

Explanation:

The computation of the maximum increase in money supply is shown below:

Data given in the question

Additional value in excess reserves = $868,981

Reserve ratio = 11%

By considering the above information, the maximum increase in money supply is

= Additional value in excess reserves × 100 ÷ reserve ratio

= $868,981 × 100 ÷ 11

= $868,981 × 9.09

= $7,899,827

3 0
3 years ago
Which of the following statements is true? A. The law requires a home inspection prior to every property transaction. B. Most ho
SOVA2 [1]
The correct option is A.
Home inspection refers to the examination of the condition of a home prior to buying. Home inspections are usually conducted by professional home inspectors who had been trained on that field. The law demands that a property should be inspected prior to buying and selling of that property. Home inspection is done purposely to identify any problem that might be associated with the property.
8 0
3 years ago
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