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
Andre45 [30]
3 years ago
14

Bateman Corporation sold an office building that it used in its business for $800,200. Bateman bought the building 10 years ago

for $599,900 and has claimed $200,300 of depreciation expense. What is the amount and character of Bateman's gain or loss
Business
1 answer:
GarryVolchara [31]3 years ago
4 0

Answer:

Gain= $400,600

Explanation:

<u>First, we need to calculate the book value of the building:</u>

Book value= purchase price - accumulated depreciation

Book value= 599,900 - 200,300

Book value= $399,600

<u>If the selling price is higher than the book value, the company gain from the sale.</u>

Gain/loss= selling price - book value

Gain/loss= 800,200 - 399,600

Gain= $400,600

You might be interested in
_____ 24. Audrey Corporation's cost formula for its selling and administrative expense is $47,900 per month plus $52 per unit. F
creativ13 [48]

Answer:

The estimated cost for selling and administration expenses is:

47900+52*6000=$359900

Explanation:

Audrey Corporation's cost for selling and administrative expenses present fix and variable costs. They plan a fixed cost of $47,900 and a variable cost of $52 unit.

The formula is:

SandA COST= 47900+52*Q

For April they planned to sell 6000 units.

The estimated cost for selling and administration expenses is:

47900+52*6000=$359900

If the formula is accurate the real cost of selling and administration is:

47900+52*5960=$357,820

7 0
3 years ago
If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay? A. You might get secured credi
klasskru [66]

Answer:

The correct option is C

Explanation:

When the person who co- sign for a credit card of a friend, then the person will be in a danger of lowering its own credit score if the person's friend fails to pay for the payment.

Credit score is a expression in terms of numerics grounded on the level analysis of the credit files of the person and also represent the credit worthiness of the person. It is used by lenders for determining who qualifies for the loan and for credit limits.

7 0
3 years ago
Read 2 more answers
Purely competitive industry X has increasing costs and its product is a normal good. The industry is currently in long-run equil
mote1985 [20]

The industry is currently in long-run equilibrium. The economy now goes into a recession and average incomes decline. The result will be an increase in output, but not in the price, of the product. This is further explained below.

<h3>What is a product?</h3>

Generally,

In conclusion, The market is in a state of long-term balance. There is currently a drop in typical salaries and the economy is entering a recession. As a consequence, production will rise without corresponding increases in cost.

Read more about product

brainly.com/question/22852400

#SPJ1

4 0
2 years ago
An increase in the expected rate of inflation: shifts the short-run Phillips curve down. shifts the short-run Phillips curve dow
ZanzabumX [31]

Answer:

shifts the short-run Phillips curve up

Explanation:

The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.

An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve

Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation  

7 0
3 years ago
You should try to get the lowest interest rate possible in which situation
Bumek [7]

Answer:

B. you are borrowing money from another person

Explanation:

rest is you giving money to others which if you could youd want higher interest rates for

3 0
3 years ago
Other questions:
  • During 2016, Sarasota Corporation spent $164,160 in research and development costs. As a result, a new product called the New Ag
    9·1 answer
  • In which situation would a savings bond be the best investment to eam interest
    8·1 answer
  • Which one of the following is most often NOT a common trait of an unhealthy company culture? A. a politicized internal environme
    10·1 answer
  • What values can you expect from a person of integrity
    13·2 answers
  • Inventory should be reported as follows except a.according to the chosen cost flow assumption. b.at lower of cost or market. c.a
    7·1 answer
  • ​Long-run growth in GDP is determined by A. labor​ productivity, capital, and government expenditures. B. ​consumption, investme
    9·1 answer
  • Which of the following was not a priority of Soviet planners?
    12·1 answer
  • Bramble Corp. expects to purchase $110000 of materials in July and $130000 of materials in August. Three-fourths of all purchase
    15·1 answer
  • Preparing Adjusting Entries, Financial Statements, and Closing Entries
    12·1 answer
  • Christian Company manufactures a part for its production cycle. The annual costs per unit for 5,000 units of the part are as fol
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!