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lukranit [14]
2 years ago
11

Hollyfield Corporation sold a piece of equipment on September 30, 2018 for $201,000 cash. The equipment had been purchased on Ja

nuary 1, 2012 for $450,000. It had an estimated useful life of 10 years and a $50,000 residual value. Hollyfield Corp. has been using the straight-line method of depreciation and has a year-end of December 31st. Compute the gain or loss on disposal.
Business
1 answer:
PilotLPTM [1.2K]2 years ago
6 0

Answer:

$2,000

Explanation:

the gain or loss on disposal is

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Megan is 5 years older than Sandy. If four years ago Megan was three years less than three times Sandys age, how old is Sandy no
ExtremeBDS [4]
Sandy is currently 8 years old. 

Start by using x for Sandy's current age and x + 5 for Megan's current age. 

Since we know the above, we can find their age's as of 4 years ago as both of those minus 4. So Sandy 4 years ago was x - 4 years old and Megan was x + 1 years old. 

Now we can set up an equation that shows that Megan's age 4 years ago was equal to Sandy's age 4 years ago times 3 minus 3. 

x + 1 = 3(x - 4) - 3
x + 1 = 3x - 12 - 3
x + 1 = 3x - 15
x + 16 = 3x
16 = 2x
8 = x

Which is Sandy's current age. 
5 0
3 years ago
Read 2 more answers
Debt Collection Service enters into a contract to employ Emma as a billing manager for two years. During the first year, Emma is
Pie

Answer:

b. discharges the employer from the contract.

Explanation:

When an employee enters a contract with the employer there is an agreement that the employee will perform their duties effectively (in this case Emma as a billing manager) and the employer is obligated to pay her for services provided.

If Emma is failing to meet his obligations by being absent from work and even when present fails to adequately do her job, the employer is also discharged from his agreed duty on the contract.

Emma's actions discharges the employer from the contract.

4 0
3 years ago
he country Grupindor recently experienced a drastic increase in inflation. This led to the depreciation in the value of its curr
GaryK [48]

Answer:

The correct answer is economy of the nation.

Explanation:

Inflation has a consequence in companies, but we can say that it can cause an initial increase in benefits since wages and other costs are modified based on price variations, that is, they are altered once prices They have varied.

This results in increases in dividend payments, interest and capital investment. In addition, many people can increase their spending with the feeling that buying later can be more expensive. But this is the first initial action in some cases.

In this way, inflation at the national level can lead to an improvement in the trade balance if the same amount of goods can be sold but at higher prices. Even in spite of this, it is a value that distorts normal economic activity, since on the other hand it reduces the purchasing power of people and can lead to a reduction in consumption since you can not buy more.

4 0
3 years ago
Intelligent Tool Corp. is planning to set up a production plant abroad. It has selected five potential countries based on their
Alex_Xolod [135]

Answer:

e. Country B, where education is well-developed and social stratification is lacking.

Explanation:

Country B will be the best option because the population is well-developed in terms of education, so there will be availability of skilled labour for the production plant.

Also lack of social stratification means there is no well-developed social stratification into upper, middle, and lower classes. Success will be due to individual achievement, so the people will be motivated to work hard and exploit the opportunity of growing in the new production plant.

5 0
3 years ago
Nancy and Tonya exchanged assets. Nancy gave Tonya her personal residence with an adjusted basis of $280,000 and a fair market v
azamat

Answer:

Realized gain  $110,000

Recognized gain  $110,000

Explanation:

The computation of the Tonya's realized and recognized gain is shown below:

Amount realized by Tonya (fair market value)  $560,000

Less; Amount given by Tonya

Yacht: adjusted basis  ($250000)

Assumption of Nancy's mortgage  ($200000)

Realized gain  $110,000

Recognized gain  $110,000

7 0
2 years ago
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