Briar Co. disposed of a $6,000 piece of equipment on December 31 with $4,500 in accrued depreciation as of that date. Then $1,500 will be debited from the Loss on Equipment Disposal account.
<h3>What is loss on Equipment Disposal account?</h3>
Gain/Loss on Asset Disposal is a common account name of the Equipment Disposal account.
The net difference between the initial asset cost and any cumulative depreciation (if any) is debited to the disposal account, while the balances in the fixed asset account and the accumulated depreciation are reversed.
On December 31, the debited amount is calculated as:
Therefore, $1,500 will be the amount of loss on disposal of the Equipment.
Learn more about the depreciation, refer to:
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The answer is B. Financially protect against unexpected accidents
Answer:
$304,500
Explanation:
Interest payable on December 31, year 1 = $290,000 * 5%
Interest payable on December 31, year 1 = $14,500
Total amount of liabilities to be reported on the Balance Sheet, year 1:
= $290,000 + $14,500
= $304,500
So, the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1 is $304,500.
<span>18 x .6 = $10.80 US
18 x .5 = $9.00 US
9/10.80 = .83
1 - .83 = 17% change
You first multiply the price in pounds by the exchange rate to find out how much the product would cost in US dollars. Then the same calculation is done with the lower exchange rate. You create an equation with the 2 US dollar amounts. Then to get the percent change, you subtract that answer from 1.</span>
Answer:
= 0.008
Explanation:
Base on the scenario been described in the question , to develop a p-chart, first calculate as shown below:
P bar= total number of defective units from all samples /(number of samples ×sample size)
= 100/(12×1000)
= 100/12000
= 0.008
Thus, the p bar is 0.008
