Answer: The correct answer is "b. debit Cash and Accumulated Depreciation; credit Machinery, and Gain on Disposal".
Explanation: When a company exchanges machinery and receives a trade-in allowance greater than the book value, this transaction would be recorded with:
----------------------------------- . --------------------------------------------
Cash xxxx
Accumulated depreciation xxxx
Machinery xxxx
Gain on disposal xxxx
---------------------------------- . -----------------------------------------------
Cash is debited because the asset increase must be recorded, for the money entered for the sale.
The accumulated depreciation is debited to the fact that since the machinery leaves the estate, the account must be canceled.
Machinery is credited because when leaving the estate the account must be canceled.
"Gain on disposal" is credited as being an account of the positive result produced by the difference between the money received and the book value of the machinery.
Answer:
$63,800
Explanation:
May purchases $57,000
June $74,000
July $89,000
Payment schedule 40% for the current month and 60 % the following month
The budget for June will be
40 % of June purchases plus 60% of May purchases
=(40/100 x 74,000) +(60/100 x 57,000)
=(0.4 x 74,000) + 0.6 x 57,000)
=29,600 + 34,200
=$63,800
The characteristics of writing when matched with their type of writing would be:
- Abbreviations - Personal writing
- Simple language - Business writing
- Complex constructions - Academic writing
- Slang - Personal writing
- Concise - Business writing
<h3>What ar
e the types of writing?</h3><h3>
</h3>
There are various types of writing and they apply based on the situation that they are being used in.
Personal writing is very lenient in its requirements because it involves conversing with someone you have an informal relationship with. These requirements include things like slang and abbreviations.
Business writing on the other hand, has to be simple so that many people can understand it. It also has to be concise to get its point home quickly.
Then there is academic writing which is the most complicated of them all as it involves complex constructions.
Find out more on business writing at brainly.com/question/616643
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Answer:
77.27% or
(17/22)%
The loan will accepted
Explanation:
property value 550,000
haircut 125,000
550,000 - 125,00 = 425,000 mortage value
425,000/550,000 = 77.27% = (17/22)%
The ratio is below the cutoff, so it is within the boundaries the lender expect. The loan will be given.
Answer:
Smiles, frowns, waves, middle finger, thumbs up, thumbs down, peace sign, grunt, sigh, raised eyebrows, wrinkled brow, wink, sticking out your tongue, flexing, closing your eyes, nodding your head, shaking your head, tilting your head, licking your lips.
Explanation:
All non verbal, yet speak volumes.