Answer:
The answer is: gain on disposal of $114500
Explanation:
The gain on disposal is calculated by the following formula:
gain on disposal=replacement cost - (purchase cost - depreciation expense)
gain on disposal = $210,500 - ($180,000 - $84,000) = $210,500 - $96,500 = $114,500
The journal records should be as follows:
- Dr Cash 210,500
- Dr Accumulated depreciation 84,000
- Cr Machine 180,000
- Cr Gain on disposal 114,500
Answer:
Explanation:
1. No effect. The GDP is the total value of goods and services produced in a country in a specific period of time. If we are talking about US GDP, the purchase of a Belgium chocolate would not affect it.
2. Effect on investment. In spite Honda is a Japanese enterprise, it is producing in the United States. The GDP, is the value of all goods and services produced in country.
3. Effect on investment. Purchase of new housing affects the count of investment (not consume).
4. Affects consume. Because the air-conditioner was produced in the US.
5. Affects consume. They paid an accountant for a service produced in the U.S
6. Effect in government expenses. The salary for these workers is paid by the government, specifically the subdivision of New York.
7. Effect in government expenses. These economic benefits are paid by the government and no other private entities.
Answer:
The answers B More profits
Explanation:
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