Answer:
Correct option is (B)
Explanation:
Given:
Purchase price as on January, 1, 2016 is $48,000. Salvage value is $8,000 and estimated life is 8 years.
Depreciation method used is straight line method. Calculation of annual depreciation:
= $5,000
Value of truck as on December 31,2017 = $48,000 - Depreciation of two years ($5,000×2)
=$48,000 - $10,000
=$38,000
Book value of truck as on 31, December 2017 is $38,000 and selling price is $43,000, so there is gain on sales which is computed as shown below:
Gain on sale = Selling price - book value
= 43,000 - 38,000
= $5,000
Thiamine deficiency would eventually lead to a mental disoreder named <span>Wernicke-Korsakoff syndrome. This mental deficiency involves nerve damages in both the central and peripheral nervous system. On the other hand, riboflavin defiency would likely cause anemia and dermatitis.</span>
The answer in the space provided is sales presentation. In
this stage of selling process, it is where a sales representative tries to
determine which the buyers wants and he or she would likely present products
that would make the buyers think or to have a thought of buying the product
that has been offered down to him or her.
A company sold equipment that originally cost $280,000 for $140,000 cash. the accumulated depreciation on the equipment was $140,000. the company should recognize a $0 gain or loss.
The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.
Depreciation is a method of calculating the depreciation of an asset through use, wear and tear, and obsolescence. The value of most assets declines over time after purchase. Organizations should take this loss of value into account when analyzing performance and calculating costs.
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For this problem, the bank is liable for the loss of $2,500. It should not have paid check #543. Moreover, the bank is obligatory to honor the written stop-payment order made by Mark for six months. Therefore, Mark does not have the share of liability in this case.