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lakkis [162]
3 years ago
9

Equipment that cost $411000 and on which $194000 of accumulated depreciation has been recorded was disposed of for $173000 cash.

The entry to record this event would include a ________.
Business
1 answer:
ANTONII [103]3 years ago
6 0

Answer:

Given that,

Cost of equipment = $411,000

Accumulated depreciation = $194,000

Dispose accumulated depreciation for cash = $173,000

The Journal entry is as follows:

Cash A/c                                      Dr. $173,000

Accumulated depreciation A/c  Dr. $194,000

Loss in Disposal A/c                    Dr. $44,000

           To Equipment a/c                              $411,000

(To record the accumulated depreciation and dispose off.)

Loss in Disposal:

= Cost of equipment - Accumulated depreciation - Dispose accumulated depreciation

= $411,000 - $173,000  - $194,000

= $44,000

           

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Answer:

False

Explanation:

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On the other hand, protective tariffs are designed to protect domestic producers. It protects local manufacturers by imposing a heavy duty on imported products, which enables the products to become less attractive. Therefore, the aim is to reduce imports.

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3 years ago
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A company sells 800 units at $16 each, has variable costs of $12 per unit, and fixed costs of $1,200. Income is $
Inessa05 [86]

Assuming a company sells 800 units at $16 each, has variable costs of $12 per unit. The after-tax income is $1,200.

<h3>After-tax income</h3>

Using this formula

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Let plug in the formula

After-tax income=(800 units× $16 each)-[(800 units × $12 each)+$1200]×(1-.40)

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After-tax income=$1,200

Inconclusion the after-tax income is $1,200.

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Deep earth extraction inc. operates a facility near estuary bay. discharging waste from the facility into the bay can result in:
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Discharging waste from the facility into the bay can result in a. <u>penalties </u><u>and damages</u>.

Many companies are known to discharge their wastes in an estuary bay. Such companies are subjected to heavy penalties by the government and also as there are aquatic organisms in a bay, the toxic compounds from the water can cause damaging results to the bay ecosystem.

Hence, companies such as Deep earth extraction inc, they discharge waste in the bay, and there are penalties and damages that they have to afford due to the risk they had caused to the bay. All companies should make sure to have a proper disposal system where other life forms and the earth is not damaged by the toxic wastes.

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Hope it helps you my dear:)
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During the prior fiscal year, lindon inc. signed a long-term noncancellable purchase commitment with its primary supplier to pur
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