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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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Conley Company has fixed costs of $23,415,000. The unit selling price, variable cost per unit, and contribution margin per unit
GenaCL600 [577]

Answer:

Yankee = 66,900 units

Zoro = 156,100 units

Explanation:

<em>Break Even Point = Fixed Costs / Contribution per unit</em>

                             = $23,415,000 / ((3×$175) + (7×$75))

                             = $23,415,000 / $1,050

                             = 22,300

Yankee = 22,300×3

             = 66,900

Zoro = 22,300×7

        = 156,100

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An economist left her $100,000-a-year teaching position to work full-time in her own consulting business. In the first year, she
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4 years ago
Think of a product that you purchased within the past 6 months
dalvyx [7]

Answer:

<em>Product purchased:</em> a purse

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<u>How did you recognize that you needed the product?</u>

Through a need for more space to carry personal items to work.

<u>Where or how do you look for information about alternative products that meet this need (product)?</u>

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The alternatives found were fast fashion sites that offered a bag of the ideal size, with the expected quality and defined average price.

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Yes, because the benefits added to the product met my needs and desires.

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6 0
3 years ago
At a time when Nedra's basis in her partnership interest was $5:000, she received a current distribution of $6,000 cash, and lan
jek_recluse [69]

Answer:

$1,000 capital gain, $0 basis in land, $0 basis in partnership interest.

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Based on the information given we were that she received the amount of $6,000 when she already had the amount ofb $5,000 as the basis in the partnership interest which means that she will recognize the amount of $1,000 as her CAPITAL GAIN

Secondly her basis in the land will be $0 basis reason been that any basis of property that is been received in a distribution will not be higher than the bais of the partner's in the partnership interest

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