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
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

           

You might be interested in
Did you win or lose?
Mnenie [13.5K]

Answer:

ur mum xdddddd

Explanation:

dddddddddd

7 0
2 years ago
If price is less than the average variable cost of a representative firm in a competitive industry in short-run:_________
IceJOKER [234]

Answer:

I think the answer is "D"

Explanation:

hope it helps :)

3 0
3 years ago
Conducting a(n) __________ of the disaster recovery documentation for accuracy should be a standard practice for the organizatio
erica [24]

Answer:

Revision/Review

Explanation:

DRP is a key procedure in every company so the documentation must be reviewed usually and updated accordignly.

4 0
3 years ago
Punkeytown carries no insurance for possible claims and, as of January 1, 2019 (the start of its fiscal year), Punkeytown had no
Simora [160]

Answer: Will report a liability of $5000 for judgement debt and a claim of $11,000

Explanation:

The liability refers to the obligations of the firm which are certain is going to make payment as compensation.

The $5000 liability, although payment has not been made it's already Incurred by the company under the acural concept.

The claim of $11,000 is only probable and not certain even though amount and time of execution can be estimated, since it's not certain it will only be recorded as a claim in the goverments fund balance sheet.

4 0
3 years ago
Whats the difference between financial planning and financial goals
defon

Answer:

Financial Goals are the personal objectives that you want to achieve by setting up how to save and spend money. Examples like saving money to buy a house, saving for retirement, starting a business, paying off student debts, etc.

Financial Planning is to evaluate your current financial condition and create a plan to keep you on tract on achieving your goal. You'll need to address current savings, investments, taxes, insurances and consider any future income needs, vacations, etc. anything that will affect you financially.

Explanation:

5 0
3 years ago
Other questions:
  • Allison peavy wants to invest but is worried about risk: in particular, she is worried that bad management and increased competi
    13·1 answer
  • S10-1 (similar to) Alpine Clothing purchased​ land, paying $ 110 comma 000 cash and signing a $ 270 comma 000 note payable. In​
    6·1 answer
  • Selecting a base year and expressing each amount as a percent of the base year amount is called:
    9·1 answer
  • What is the full form of BIPPA​
    8·1 answer
  • The BMW StreetCarver is a $495 skateboard that features BMW's technology in its wheel suspension, which stabilizes the board's s
    9·1 answer
  • A manufacturer uses activity-based costing to assign overhead costs to products. Budgeted cost information for selected activiti
    13·1 answer
  • Texas Roadhouse opened a new restaurant in October. During its first three months of operation, the restaurant sold gift cards i
    14·1 answer
  • What is installment debt?
    10·2 answers
  • A company's total expected overhead for the year is $500,000. Two activity cost pools have been identified: Customer Service wit
    12·1 answer
  • Indicate the effect each separate transaction has on investing cash flows.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!