Answer:
The supply of tortillas decreased
Explanation:
Answer: $615,810
Explanation:
The Book Value of the Asset at the end of 4 years will be;
= Cost of equipment - Accumulated Depreciation
= 3,250,000 - ( 3,250,000 * ( 20% + 32% + 19.20% + 11.52%))
= 3,250,000 - 2,688,400
= $561,600
The Equipment will be sold at $645,000 meaning a gain is made
= 645,000 - 561,600
= $83,400
Tax to be paid is;
= 83,400 * 0.35
= $29,190
After-tax salvage value of the equipment = Sales Price - Tax
= 645,000 - 29,190
= $615,810
Answer:
Dr Accumulated depreciation-Machinery 28,000
Dr Loss on disposal 1000
Cr Cash 1000
Cr Machinery 28,000
Explanation:
Based on the information given the appropriate journal entry to record the transaction on On January 2 is :
On January 2
Dr Accumulated depreciation-Machinery 28,000
Dr Loss on disposal 1000
Cr Cash 1000
Cr Machinery 28,000
Answer:
$27,911
Explanation:
Bellows Corp.
Bank reconciliation
As of April 30
Unadjusted book balance $28,750
Less:
Outstanding checks $900
NSF Checks $373
Add:
Interest earned $74
Error correction <u> $360
</u>
Adjusted book balance <u>$27,911</u>
Answer:
Profit per bottle is $0.50
Explanation:
Sales price per bottle = $12
Total cost price per bottle = $11.50
Profit per bottle = sales price - total cost price = $12 - $11.50 = $0.50