$1,267,500
To calculate estimated value using GRM (gross rent multiplier) you need to take the <u>annual</u> rental income times the GRM.
Monthly income= $625 so annual income= $625*12 months=
$7,500 annual * 169 GRM= 1,267,500
Answer:
C. loss of 19,000
Explanation:
Old equipment cost = $215000 - $185000
= $30000
Loss = $30000 - $11000
= $19000 loss
Therefore, The amount of the gain or loss on this transaction is a loss of $19000.
Answer:
this is not the answer
Explanation:
Consumers and producers react differently to price changes. ... Both of these changes are called movements along the demand or supply
The item should be
reported as a prior period adjustment: On the 2014 statement of retained
earnings.
To add, depreciation<span> <span>is the process by which a company allocates an
asset's cost over the duration of its useful life. Every time a company
prepares its economic statements, it records a </span>depreciation expense<span> to
allocate a portion of the cost of the buildings, machines or equipment it has
purchased to the current fiscal year</span>.</span>