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denis23 [38]
2 years ago
12

An asset with a net book value of $1,225 was discarded, having no market value. How much will be recorded as a loss or gain on d

isposal?
a. loss of $1,225
b. gain of $1,225
c. no loss or gain
d. Cannot be determined with the information given.
Business
1 answer:
murzikaleks [220]2 years ago
5 0

Answer:

(A) loss of $1,225

Explanation:

Net book value is the value at which an organization or company records an asset in its balance sheet. Net book value is the original cost of an asset, without adding the depreciation, depletion, amortization, that has been accrued at the period oof the asset's useful life. So if an asset with a net book value of $1,225 was discarded, having no market value, the same amount ($1,225) will be the value recorded as a loss by the company's accountant.

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emmasim [6.3K]

Answer:

under-applied overheads is $1,340

Explanation:

Note : I have attached the full question/similar as an image below.

Actual Overheads   = $594,960

Applied Overheads = $594,960 / 22,200 x 22,150 = $593,620

Since,

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Amount of under-applied overheads is $1,340 ($594,960 - $593,620).

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2 years ago
Competition among more shoe sellers will _____ the price of shoes. increase decrease not change
storchak [24]
Decrease is correct answer.
8 0
3 years ago
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kondor19780726 [428]

Answer:

$4,375

Explanation:

Given that,

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2 years ago
A change in the quantity demanded of a good is: a. represented by a shift to a new demand curve. b. represented by a movement al
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Answer:

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Answer:

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Explanation:

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