Answer:
a.
Accumulated depreciation 44600 Dr
Cash 52700 Dr
Equipment 84400 Cr
Gain on disposal 12900 Cr
b.
Accumulated depreciation 44600 Dr
Cash 39800 Dr
Equipment 84400 Cr
c.
Accumulated depreciation 44600 Dr
Cash 34700 Dr
Loss on disposal 5100 Dr
Equipment 84400 Cr
Explanation:
First we need to determine the net book value of the equipment at the time of sale. The net book value is the net value after deducting accumulated depreciation from the cost of the asset.
Net Book value = Cost - Accumulated depreciation
Net Book Value = 84400 - 44600 = $39800
- If the asset is sold for more than its net book value, there is gain on disposal.
- If it is sold for exactly its net book value, there is no gain or no loss on disposal.
- If it is sold for less than its net book value, there is loss on disposal.
a.
Gain on disposal = 52700 - 39800 = $12900
b.
No gain or no loss as Net Book Value of the asset equals the amount of cash it is sold for.
c.
Loss on disposal = 34700 - 39800 = - $5100
Answer: $1,900
Explanation:
Theft loss deduction is calculated by adjusting the fair market value of the asset for a theft loss floor limitation of $100 and 10% of the person's AGI.
Theft loss deduction is:
= Fair value -Theft floor limitation - 10% of AGI
= 7,000 - 100 - (10% * 50,000)
= $1,900
Answer:
B. 25,000
Explanation:
Given important information here is common stock, par $10 authorized, 30,000 shares and $250,000 Treasury Stock.
To calculate how many shares of common stock have been issued we have to divide the total price of common stock/par value which is as follows:
Shares issued = 250,000/10
25,000 shares answer
Therefore the correct answer is 25,000 shares .
In the late nineteenth century, Judith Sergeant Murray wrote about women’s intellect being equal- this helped narrow the gradations of freedom amongst white Americans.
Option: B
Explanation:
In the late nineteenth century there was a conflict in between white Americans about the freedom. Their fight against each other graded by the help of writer and other professionals who wrote about their strong points. Judith Sergeant Murray who was an American writer and advocate wrote about women's right.
Gender discrimination, women's right, feminism was the core area of writing in Judith Sergeant Murray's work. He compared women's ability with man's, their imagination, decision making capacity, judgemental motives etc.
