Answer:
Computation of cash received from the sale of the equipment:
D. $58,000.
Explanation:
Computation:
Sale of Equipment Account
Equipment account $240,000
less acc. depreciation 172,000
Net book value $68,000
less loss on sale 10,000
Cash received $58,000
Equipment Account
Year 1 balance $750,000
Year 2 balance 510,000
Sale of equipment $240,000
Accumulated Depreciation:
Year 1 balance $500,000
Year 2 balance 328,000
Sale of equipment $172,000
b) The sale of the equipment caused a loss of $10,000. The net book value of the equipment is $68,000. This implies that it was sold for $58,000 ($68,000 - $10,000). So, the cash received from the sale is $58,000.
Answer:
TRUE
Explanation:
Front matters are pages of a report that preceeds the first text. It is the first section of a book or report and it's usually the shortest.
It is also known as PRELIMINARY MATTERS or for short PRELIMS.
It comes in different forms. It can be as simple and short as just maybe a single title page or it can include multiple titles pages, abstract, preface amongst others.
In the demonstration, 360∘ of rotation (one full rotation) represents a sidereal day. You can actually measure the length of the sidereal day by measuring the time from when <u>the star vega</u> or<u> the star sirius</u> crosses your meridian on one day (or night) until <u>it </u>crosses the meridian on the next day (or night). Mastering astronomy.
Answer:
Expl one year. To reorder, there is a fixed cost of $36, plus $11 for each storage device.anaMinimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device for one year. To reorder, there is a fixed cost of $36,tion:
Answer:
E. The corporate valuation model discounts free cash flows by the required return on equity.
