Eully depreciated equipment costing $55,000 was discarded. What was the ef fect of the transaction on cash
Question:
Eully depreciated equipment costing $55,000 was discarded. What was the ef¬ fect of the transaction on cash flows if
(a) $5,000 cash is received,
(b) no cash is received?
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9780324188035
9th Edition
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
Question Posted:
Students also viewed these Business questions
-
please help me. I can pay only 70 dollars in this assignment Topic 1 & 2 Introduction to financial management and the Australian Taxation system Financial Markets 2 Learning Objectives Describe what...
-
Income statement and statement of comprehensive income for Hansenpheet plc. AC330 - Financial Accounting, Analysis and Valuation Class Exercise Pack 2012-13 Lent Term 2013 Professor Richard Macve The...
-
can any expert help me with the below assignment just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question...
-
Why is using APA Style important for effective scholarly writing?
-
The Sportex Company, a diversified distribution outlet for sporting goods, purchases cartons of tennis balls from the Ball Corporation and markets the balls under the Sportex name. Purchases and...
-
How could you use marginal benefit and marginal cost analysis to determine whether money would be better spent keeping prisoners incarcerated or on employing more police?
-
What is split accounting!
-
A saturated-vapor mixture of maleic anhydride and benzoic acid containing 10 mol% acid is a by-product of the manufacture of phthalic anhydride. This mixture is distilled continuously at 13.3 kPa to...
-
According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2016. Let's see...
-
Eor the current year, Accord Company decided to switch from the indirect method to the direct method for reporting cash flows from operating activities on the statement of cash flows. Will the change...
-
A corporation issued $5,000,000 of 20-year bonds for cash at 105. How would the transaction be reported on the statement of cash flows? AppendixLO1
-
Consider the reaction for the decomposition of hydrogen disulfide: A 0.500-L reaction vessel initially contains 0.0125 mol of H 2 S at 800 C. Find the equilibrium concentrations of H 2 and S 2 . 2...
-
Complete Exercises 2-B and 2-H in Writing and Analysis in the Law using what you learned in the reading and in the Seminar. Use paragraph form, use complete sentences, and make sure you use proper...
-
What is the value of a stock expected to be in 9 years if the annual dividend is expected to remain unchanged forever at $3.65, the expected rate of return is 6.9% per year, and the next dividend is...
-
Once invested IN a corporation, shareholders want their money out - they want a return on investment! John owns 2 5 % of REFUND CORP INC, which paid out a $ 5 0 , 0 0 0 distribution to him on 1 2 / 3...
-
Worksheet Financial Statement Ratios. Lowe's Companies, Inc Jan 28, 2022 and Jan. 29, 2021 Current Ratio Current Assets / Current Liabilities Acid Test Current Assets Current Liabilities (Cash + ST...
-
3. Peter Senen operates in a JIT manufacturing system. For August, Peter Senen purchased 10,000 units of raw materials at P1.00 per unit on account.What is the The journal entry to record the...
-
What is the relevant range? What role does the relevant-range concept play in explaining how costs behave?
-
Explain the differences and similarities between fringe benefits and salary as forms of compensation.
-
1-The yield to maturity will be greater than the coupon rate when a bond is selling at a premium. Select one: a. False b. True 2-Which one of the following would have the greatest present value,...
-
! Required information [ The following information applies to the questions displayed below. ] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash...
-
WISE-HOLLAND CORPORATION On June 15, 2013, Marianne Wise and Dory Holland came to your office for an initial meeting. The primary purpose of the meeting was to discuss Wise-Holland Corporation's tax...
Study smarter with the SolutionInn App