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astraxan [27]
3 years ago
6

A fixed asset with a cost of $41,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at $60,000. As

suming a trade-in allowance of $3,000, the recognized loss on the trade is
Business
1 answer:
Ivahew [28]3 years ago
8 0

Answer:

1,500

Explanation:

The fixed assets cost is $41,000

The accumulated depreciationn is $36,500

Similar assets was priced at $36,000

Trade in allowance is $3000

Therefore the recognised law on trade can be calculated as follows

41,000-36,500-3,000

= 1,500

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4 years ago
In a perfectly competitive market, the market supply curve is a. always a horizontal line. b. the vertical sum of all the indivi
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4 0
4 years ago
Read 2 more answers
Question 8 of 10
kirill115 [55]

Answer:

A. A balance sheet shows the total assets, liabilities, and owner's

equity at the end of the period

Explanation:

As we know that

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So according to the given options, the option A is correct

hence, the rest of the options would be incorrect

6 0
3 years ago
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