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
dolphi86 [110]
3 years ago
6

A truck that cost $72,000 and on which $60,000 of accumulated depreciation has been recorded was disposed of for $18,000 cash. T

he entry to record this event would include a
Business
1 answer:
Mekhanik [1.2K]3 years ago
4 0

Answer:

Gain of $6,000.

Explanation:

Calculation to determine what The entry to record this event would include

Using this formula

Gain=(Accumulated depreciation+Cash)-Cost

Let plug in the formula

Gain=($60,000+$18,000)-$72,000

Gain=$78,000-$72,000

Gain=$6,000

Therefore The entry to record this event would include a gain of $6,000

You might be interested in
When a commercial item is procured by the government, what will the contractor provide to the government that documents the func
Kitty [74]
<span>When a commercial item is procured by the government, the contractor will provide a </span>TDP or Technical Data Package<span> to the government</span> that documents the functional, performance, and physical characteristics of their product and will assist in the development of configuration management efforts.
4 0
3 years ago
Davidson Interiors declared a dividend to holders of record on Thursday, October 15, that is payable on Monday, November 2. Suen
miv72 [106K]

Answer:

The answer is C

I hope help you

5 0
3 years ago
Tom frequently _______ in the 4 of his friends and family. My Answer:
Vesnalui [34]
The correct answer is meddles. The sentence will be phrased as, Tom frequently meddles in the 4 of his friends and family. 
Medals are a noun which is defined as receiving a reward because of an achievement from a specific field.
Metals are inorganic objects such as Aluminium and others.
Mettles doesnt exist. 
6 0
4 years ago
Logistics Solutions provides order fulfillment services for dot merchants. The company maintains warehouses that stock items car
madreJ [45]

Part 1.1  - Variable overhead cost incurred to fill the order for the 120,000 items is $7,800.

Part 1.2  - Difference between standard and actual variable overhead cost is $440.

Part 3 - Difference between standard and actual variable overhead cost is $440.

<u>Explanation:</u>

It is given that the number of order is 120,000 items and calculated standard variable overhead cost per order for one item is $0.065. Variable overhead cost incurred to fill the order for the 120,000 items can be calculated by multiplying the number of order of the items with the calculated standard variable overhead cost per order for one item. Hence, the variable overhead cost incurred to fill the order for the 120,000 items is $7,800.

It is given that the actual variable overhead cost is $7,360 and calculated standard variable overhead cost is $7,800. Difference in standard and actual variable overhead cost can be calculated by deducting the actual variable overhead cost from the standard variable overhead cost. Hence, the difference between standard and actual variable overhead cost is $440.

Calculated variable overhead rate variance is $115 favorable and the variable overhead efficiency variance is $325 favorable. Difference between standard and actual variable overhead cost is the total of variable overhead rate variance and variable overhead efficiency variance. Hence, the difference between standard and actual variable overhead cost is $440.

7 0
3 years ago
What are in-kind benefits? the process used to produce a good or service goods and services provided for free or at greatly redu
ohaa [14]

Answer:

In kind benefits are goods and services provided for free or at greatly reduced prices

Explanation:

The benefits in kind are the advantages given to an employee or a customer such as credit cards, company cars, concert tickets and so on. Usually these benefits are called "perks" and are part of the compensation plan offered at each enterprise.  

The benefits are also offered to clients, which will be awarded with a gift from the company when reaching certain number of purchases.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Carla Vista Inc. has the following information related to an item in its ending inventory. Product 66 has a cost of $152, a repl
    6·1 answer
  • During 2016 Green Thumb Company introduced a new line of garden shears that carry a two-year warranty against defects. Experienc
    11·1 answer
  • It can be argued that nonprofits have an advantage over for-profit companies in
    8·1 answer
  • An investment will pay $16,400 at the end of each year for eight years and a one-time payment of $164,000 at the end of the eigh
    14·1 answer
  • After examining a planning gap, firms typically attempt to decide if the time horizon should be increased or decreased. perform
    15·1 answer
  • What is the equivalent annual annuity of a project that requires an investment of $50,000 today and is expected to generate free
    14·1 answer
  • Kacy Spade, owner, invested $14,000 cash in the company in exchange for common stock.
    14·1 answer
  • A few decades ago, Walmart opened stores in Germany. After a few years, it closed all of them. The shopping habits of Europeans
    14·1 answer
  • How much money does Ted need to invest each month in order to accumulate $10,000 over a five-year period, if he expects to get a
    5·1 answer
  • Ed has an almost-new economy car, but he wants a Ford Mustang because he thinks it would be exciting to own one. If he decides t
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!