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Vesna [10]
3 years ago
12

Oriole Company retires its delivery equipment, which cost $53,990. Accumulated depreciation is also $53,990 on this delivery equ

ipment. No salvage value is received. (b) Assume the same information as in part (a), except that accumulated depreciation for the equipment is $37,080 instead of 53,990.
Business
1 answer:
Aleksandr [31]3 years ago
3 0

Answer:

Please see the answer below:

Explanation:

(a)

Debit: Accumulated Depreciation     $53,990

Credit: Delivery Equipment                              $53,990

To record disposal of delivery equipment.

(b)

Debit: Accumulated Depreciation      $37,080

Debit: Loss                                             $16,910

Credit: Delivery Equipment                               $53,990

To record Loss on disposal of Delivery Equipment.

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А is a measure of change in the prices of goods from one period to<br> another.
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Answer:

the answer is price index

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The United States Airlines Transports how many passengers daily?
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In the United States, the average number of passengers flying per day is 1.73 million.

I think the answer is C

6 0
3 years ago
The use of debt in the firm's capital structure will increase ROE if the firm:_____.
DIA [1.3K]

Answer: c. earns a higher return than the rate paid on debt.

Explanation:

If the debt that the company incurs leads to the company making more money than they are paying as interest for the debt, then more money will be available as net income which would increase the Return on Equity.

ROE is calculated by dividing the Net Income by Shareholder equity. Interest is an expense. If this expense is lower then the increase in net income as a result of the debt then it follows that net income would increase and so would ROE.

8 0
3 years ago
Brent is a full-time exempt employee in Clark County, Indiana. He earns an annual salary of $39,360 and is paid semimonthly. He
serious [3.7K]

Answer:

  • Federal Income tax ⇒ $80
  • FICA ⇒ $125.46
  • State income tax ⇒ $52.97
  • Local deduction - Clark County Income tax ⇒ $29.52

Explanation:

Brent gets paid semi-monthly so his pay per period is:

= 39,360 / (12 months *2)

= $1,640

Based on the table therefore, his federal tax is:

= $80

This figure is based on the intersection between income of $1,640 and 3 withholding allowances.

FICA tax rate is 7.65% so his FICA tax is:

= 1,640 * 7.65%

= $125.46

State income tax = $52.97

Local deduction - Clark County Income tax = $29.52

Total deductions:

= Federal tax + FICA + State income tax + Clark County income tax

= 80 + 125.46 + 52.97 + 29.52

= $287.95

3 0
3 years ago
A law firm seeks to recruit top quality experienced lawyers. the total package offered is the sum of three separate components:
Elena-2011 [213]

Answer:

  1. S = 1.2N + 3,000E + 1,000 * (A - 21)
  2. $204,000

Explanation:

1. An extra $1,000 for every year that they are over the age of 21. If the person is A years of Age then the expression is 1,000 * (A - 21).

An additional $3,000 for each year worked as a qualified lawyer. If the person has E years experience. Expression = 3,000E.

The basic salary is 1.2 time the candidate current salary. If the person currently earns $N the expression is; 1.2N

Putting that all together;

S = 1.2N + 3,000E + 1,000 * (A - 21)

2. Variables are; N = 150,000; E = 5 ; A = 30

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= $204,000

7 0
3 years ago
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