1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Temka [501]
3 years ago
15

A company had a tractor destroyed by fire. The tractor originally cost $141,000 with accumulated depreciation of $74,400. The pr

oceeds from the insurance company were $36,000. The company should recognize:
Business
1 answer:
Amiraneli [1.4K]3 years ago
3 0

Answer:

The correct answer is "$30,600". The further explanation is given below.

Explanation:

The given values are:

Tractor's cost

= $141,000

Accumulated depreciation

= $74,400

Now,

The book value on sale's date will be:

= Cost-Accumulated \ depreciation

= 141,000-74400

= 66,600 ($)

The Loss on sale is:

= 66,600-36,000

= 30,600

You might be interested in
What captures transaction and event information using technology to (1) process the information according to defined business ru
tamaranim1 [39]

Answer:

OLTP (Online Transaction Process)

Explanation:

Online transaction processing or OLTP, which is database software, used to design as well as support the applications related to transactions on the Internet.

This database system is mostly used for the retail sales, order entry, management of customer relationship and financial transaction through the medium of Internet.

So, OLTP captures the event as well as transaction information using the technology for processing the information as per the rules of the business, update the information and store the information.

5 0
4 years ago
Which of the following is NOT an advantage of paying bills online?
MrRissso [65]

Answer: you will only receive a record of your payment if you pay bills online

Explanation:

3 0
3 years ago
Adding Erik Olin Wright’s concept of contradictory class locations to the Marxist concept of capitalists versus the proletariat,
bija089 [108]

Answer:

a salaried paralegal assistant at a law firm

  • <em>Correct label: proletariat the head of printing press operations at a major newspaper </em>
  • <em>Correct label: contradictory the owner of a large franchised restaurant </em>
  • <em>Correct label: capitalist a freelance graphic artist </em>
  • <em>Correct label: contradictory</em>
4 0
3 years ago
The first and most important step in the posting procedure is A. posting the amount. B. posting the date. C. posting the explana
Zarrin [17]
The answer is B. Posting the date.
3 0
4 years ago
A soft peg exchange rate may create additional _______________ as exchange rate markets try to anticipate when and how the gover
sattari [20]

A soft peg exchange rate may create additional volatility as exchange rate markets try to anticipate when and how the government will intervene.

<h3>What is an exchange rate?</h3>

An exchange rate refers to the value of a country's currency in relation to another currency. This entails the rate at which a currency will be exchanged for another.

It is the value of one currency for the purpose of conversion to another.

Learn more about exchange rate here : brainly.com/question/2202418

#SPJ1

7 0
2 years ago
Other questions:
  • Direct PLUS loans are taken out by
    5·2 answers
  • A credit card balance represents
    12·2 answers
  • On October 1, Eder Fabrication borrowed $69 million and issued a nine-month promissory note. Interest was discounted at issuance
    6·1 answer
  • Price setting involves ______.
    8·1 answer
  • The financial reporting carrying value of Boze Music's only depreciable asset exceeded its tax basis by $147,000 at December 31,
    14·1 answer
  • On June 30, Year 7, King Co. had outstanding 9%, $5,000,000 face value bonds maturing on June 30, Year 9. Interest was payable s
    9·1 answer
  • The OHApp-717 Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. La
    5·1 answer
  • You want to go the Six Flags amusement park. The ticket price to enter and enjoy the rides in Six Flags is $65. You live in Rich
    8·1 answer
  • Account junral entire of Rai account was settled by cash of rs 24000<br>​
    11·2 answers
  • 1. Define economics from perspective of wealth, welfare, Scarcity &amp; Growth which, defenation more suits for economics? Why ?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!