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tatiyna
3 years ago
15

A trucking company sold its fleet of trucks for $56,300. The trucks originally cost $1,471,000 and had Accumulated Depreciation

of $1,282,000 recorded through the date of disposal. What gain or loss did the trucking company record when it sold the fleet of trucks
Business
1 answer:
kodGreya [7K]3 years ago
7 0

Answer:

$132,700

Explanation:

The computation of the gain or loss in case of sale of fleet of trucks is shown below:

But before that we have to find that written down value which is

WDV of Trucks is

= Original Cost - Accumulated Depreciation

= $1,471,000 - $1,282,000

= $189,000

And, the Sale value is $56,300

So, the loss is

= $189,000 - $56,300

= $132,700

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Ostrovityanka [42]

Answer: 1 widget per dollar

Explanation:

The weekly productivity level for this operation will be calculated thus:

Output = 8000 widgets per week.

Input = Labor Cost + Material Cost

= (5 × 40 × $15) + (100 × $50)

= $3000 + $5000

= $8000

Productivity = Output / Input

= $8000 / $8000

= 1 widget per dollar

5 0
2 years ago
In which of the following forms of doing business does the death of one of the owners cause dissolution? a. nonprofit corporatio
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Answer:

b. partnership

Explanation:

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3 years ago
What does the word speculation mean to an economist? investing in low-risk stocks with surplus money investing in a type of stoc
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The correct answer among the choices given is the third option. Speculation would mean to an economist as making high-risk investments with borrowed money. It is the purchase of something hoping for it to be more valuable at a certain time.
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3 years ago
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The Pinetop Corporation issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2014. All remaining shares
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Answer:

$12,000 and $6,000

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For computing the dividend, first we have to find out the yearly dividend which is shown below:

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Out of $18,000, the $12,000 will be paid to preferred stockholders and the remaining $6,000 will be paid to common stockholders

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3 years ago
"stooge enterprises manufactures ceiling fans that normally sell for? $90 each. there are 300 defective fans in? inventory, whic
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<span>We know that Profit = Earnings  - Cost</span>

Case 1: Sold as is

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