a)
Gain on disposal=$12,900
b)
Loss on disposal=$5,900
Prepare a tabular summary to show the cost of equipment disposed of, the accumulated depreciation, and gain or loss recorded on disposal?
Note that initially when the equipment was purchased, it would be debited to an asset account, whereas, it would be credited upon disposal since the company no longer owns it.
The accumulated depreciation was originally a credit entry in the balance sheet and needs to be debited now that the equipment has been sold.
Note that the excess of the sum of the accumulated depreciation and the cash received over the initial cost of the equipment is a gain and the reverse means a loss was recorded on disposal.
Account DR CR
Asset $49,600
Gain on disposal $12,900
Accumulated depreciation $24,600
Cash received $37,900
gain on disposal=$24,600+$37,900-$49,600
gain on disposal=$12,900
Account DR CR
Asset $49,600
Accumulated depreciation $24,600
Cash received $19,100
Loss on disposal $5,900
Loss on disposal=$49,600-$24600-$19,100
Loss on disposal=$5,900
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It is -2. This is negative. For instance, if you had 3 candies and your mother took away 5, you would not only have 0 candies, but you would owe your mother 2. This is expressed as a negative number. Please mark Brainliest!!!
Answer:
I believe it is 42
Step-by-step explanation:
Angle 1 and 2 look similar so I think they are the same angle if you look at it, so I’m 99.9% sure it’s 42
The is the answer: 8(50+2)
Answer:
Follows are the solution to this question:
Step-by-step explanation:
Let assume that X and Y reflect the diameters of onions by companies A and B.
As a result, onions through company A are chosen and they're more likely to be accepted.
