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Karolina [17]
3 years ago
11

A fixed asset with a cost of $31,588 and accumulated depreciation of $28,429.20 is sold for $5369.96. What is the amount of gain

or loss on disposal of the fixed asset
Business
1 answer:
Artist 52 [7]3 years ago
4 0

Answer:

$2,238.16

Explanation:

In the disposal of assets, gain or loss will be a comparison between the book value and the selling price.

Book value is the asset costs minus accumulated depreciation.

in this case, the book value will be

= Asset cost - Depreciation

= $31,588- $28,429.20

=$3,158.8 is the book value.

Gain or loss = selling price- book value

=$5,369.96 - $3,158.8

=$2,238.16

A gain of$2,238.16 will be gain from that sale.

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C. The owners of stock are society.

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The intrinsic stock value does not need to reflect the market value of the company stock. However, the intrinsic stock reflects the company's lucrative aspect, something more intuitive that describes the company's operating. Therefore, a high intrinsic stock value reflects a company with great reputation.

A company with high intrinsic stock will surely attract more talent, as the talent pool is motivated by working in a reputable, efficient company. This kind of company is surely cost-effective in terms of operation too.

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3 years ago
Lee went to great lengths to make sure that Heard was considered an independent contractor and it didn't work. Since Lee made it
tekilochka [14]

The court found the employee status because he had and agreement indicating that he was an independent <em>contractor</em>.

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It should be noted independent contractors are the contractors that don't work under an employer. They work independently.

In this case, the court found the employee status because he had and agreement indicating that he was an independent contractor.

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2 years ago
What is one reason why a government will deliberately inflate its national money supply?
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