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
DochEvi [55]
3 years ago
5

Equipment was acquired for $210,000 and has accumulated depreciation of $93,000. The business exchanges this equipment for new e

quipment. The new equipment has a market value of $304,000 and the business pays $52,000 cash. Assume the exchange has commercial substance.
The exchange results in a:

(A) gain $187,000
(B) loss $187,000
(C) gain $135,000
(D) loss $135,000

Business
1 answer:
Alex787 [66]3 years ago
3 0

Answer:

(A) gain $187,000

Explanation:

Please see attachment .

You might be interested in
Tulip Corporation purchased equipment for $ 60 comma 000 on January​ 1, 2017. On December​ 31, 2019, the equipment was sold for
Mashcka [7]

Answer:

The sell will generate a loss of $6,000.

Explanation:

Please find the below for detailed calculations and explanations:

- The equipment's net value at the time of disposal is equal to: Book value of the equipment - The accumulated depreciation of the equipment = 60,000 - 28,000 = $32,000;

- The gain/(loss) on the disposal of equipment is equal to: Sell price of the equipment - The equipment's net value at the time of disposal = 26,000 - 32,000 = $(6,000)

Thus, Tulip Corporation's disposal of the equipment at Dec 31st 2019 makes a loss of $6,000.

8 0
3 years ago
Monica, a​ doctor, owns a small health care clinic that serves underserved people in a​ lower-income neighborhood. What type of
kogti [31]

Answer:

b

pyfpyfjzifztksrizirsitstoztozotd7itsktdtixoyd

7 0
3 years ago
When eric and david sit down with​ linda, eric complains that david is​ micro-managing him on the quantum electronics project. a
Aleksandr [31]
Transactional leadership

Transactional leadership is a leadership style that deals with the function of supervision, organization, and employee’s performance to achieve high job performance. Leaders who carryout this style focuses on specific tasks and use rewards and punishments to motivate followers.






3 0
4 years ago
Read 2 more answers
Ralph Young was a commercial tour boat operator on the northern coast of Kauai, Hawaii. He was licensed by the state of Hawaii t
Y_Kistochka [10]

Answer:

The correct answer is option (a) The court probably found that the state law was unconstitutional under the supremacy cause.

Explanation:

Solution

From the given questions it states that, What would be the court's most likely response to Ralph's lawsuit.

The court's decision response would be that, I that when the situation arises or occurs in that case, where there is a conflict which arises between federal and state law then in that case federal law must be applied.

7 0
3 years ago
Lamborghini is a classic example of Question 2 options: selective distribution exclusive distribution intensive distribution ind
Leviafan [203]

Lamborghini is a classic example of exclusive distribution.

Selective distribution is a method of product distribution where more than one distributor is present in a given area. Brands of televisions, furniture, and home appliances frequently use it.

Exclusive distribution, on the other hand, describes a distribution strategy that only uses one distributor, retailer, or wholesaler in a particular region. Designer clothing, cars, and even home appliances frequently go through exclusive distribution.

A corporation may use an intensive distribution marketing plan to try to sell its goods from a small vendor to a large retailer. A customer will almost always be able to find the merchandise wherever he travels.

The sale and transfer of a product from a producer to a wholesaler, retailer, and ultimately to the customer is known as indirect distribution.

Hence, Lamborghini is a classic example of exclusive distribution.

Learn more about distribution:

brainly.com/question/14650242

#SPJ1

6 0
2 years ago
Other questions:
  • Micro Enterprises has the capacity to produce 10,000 widgets a month, and currently makes and sells 9,000 widgets a month. Widge
    12·1 answer
  • An investor can trade Foreign Currency Options on all of the following EXCEPT:
    15·1 answer
  • Lyman's business has grown to 400 employees with annual revenues of $15 million. He would like to expand further but needs anoth
    10·1 answer
  • Suppose you are considering the purchase of an apartment building that has 12 units that can be rented out at $1,050 per month.
    7·2 answers
  • Joining a Meetup group in your area allows you to
    12·1 answer
  • Mployee theft of inventory from the warehouse because there are no restrictions on warehouse access and
    11·1 answer
  • Use this end-of-period spreadsheet to answer the questions that follow. Finley Company End-of-Period Spreadsheet For the Year En
    5·1 answer
  • Quay Co. had the following transactions during the current period.Mar. 2 Issued 5,000 shares of $7 par value common stock to att
    11·1 answer
  • Anyone wants my number for 84 points
    12·1 answer
  • When making a decision, only relevant items are included in the analysis of the alternatives when using ______.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!