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romanna [79]
3 years ago
8

On December 31, 2018, AAA disposed an Equipment (Cost: $50,000, Salvage Value: $10,000, useful life: 4 years), which was purchas

ed on January 1, 2016. By disposing this equipment, AAA has a , and the amount is___________.
Business
1 answer:
levacccp [35]3 years ago
3 0

Answer:

A Loss of $10,000

Explanation:

To calculate the depreciation using the straight line method.

Depreciation = Cost - Salvage value/ no. of years

   

       $50,000   -   $10,000/ 4 = $10,000

Annual depreciation now is:    $10,000

Net book Value (NBV) for the year of disposal i.e 2018 will be:

Cost - Accumulated Depreciation = NBV

$50,000 - $30,000 = $20,000

NBV is $20,000

but was sold for $10,000 which is a loss of $10,000

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Davidson international has 13,700 shares of stock outstanding at a price per share of $28. the firm has decided to repurchase 50
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The shareholder equity is equal to:

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3 years ago
Gas is sold for 1.399 per liter in san diego, ca. your car needs 12.00 gallons. how much will your credit card be charged in dol
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The answer is C: $63.54. The credit card will be charged $63.54 in Canadian dollars for 12.00 gallons of gas.

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Therefore, 45.4249 liters of gas = 45.4249 * 1. 399

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The official currency of Canada is the Canadian dollar (sign: $; code: CAD; French: dollar canadien). There is no standard disambiguating form; nevertheless, prominent style guides frequently recommend the abbreviation Can$ to distinguish it from other dollar-denominated currencies. It is abbreviated with the dollar sign $. There are 100 pennies in it.

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B) $16.79

C) $63.54

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3 0
1 year ago
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Answer:

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In addition to the active population, which includes both those who are working and the whole of the unemployed or unemployed in a country, societies have an inactive population composed of those members of the population who are not willing to work , whether by studies, age, illness or any other legally established cause.

4 0
3 years ago
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