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disa [49]
3 years ago
8

An asset with a historical cost of $14,725 and accumulated depreciation of $10,000 was discarded, having no market value. How mu

ch will be recorded as a loss or gain on disposal?
a.loss of $4,725
b.gain of $4,725
c.no loss or gain
d.Cannot be determined.
Business
1 answer:
ale4655 [162]3 years ago
8 0

Answer:

a.loss of $4,725

Explanation:

As the asset has a historical cost of $14,725 and accumulated depreciation = $10,000, its carrying value shall be : $4,725

That is carrying value = Historical cost - Accumulated depreciation = $14,725 - $10,000

As it is provided that the asset is discarded with $0 market value, there is no amount received when the asset is discarded.

Thus, Sale price = $0

Carrying value = $4,725

Thus, loss = Sale price - Carrying value = $0 - $4,725

Loss = $4,725 as the value is negative.

Therefore, option a is correct.

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Explanation:

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If an air parcel is given a small push upward and it continues to move upward on its own accord, the atmosphere is said to be?
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If a rising parcel of an air parcel is cooler than the encompassing surroundings it's going to generally tend to sink and returned to its original function. that is due to the fact cool air is extra dense or heavier than hotter air. that is known as stable air. If a rising parcel of air is warmer than the encompassing environment it's going to hold to an upward push.

The relative humidity reaches a hundred percent determined whilst the air parcel temperature cools all the way down to its authentic dew point temperature, similarly lifting and cooling results in internet condensation, forming a cloud at the environmental lapse rate.

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