Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 04, 2024

a fixed asset with a cost of $33,000 and accumulated depreciation $29,700 is sold for $5610. What is the amount of the gain or loss

a fixed asset with a cost of $33,000 and accumulated depreciation $29,700 is sold for $5610. What is the amount of the gain or loss or disposal of fixed asset?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Clinical Audit In Primary Care Demonstrating Quality And Outcomes

Authors: Ruth Chambers, Gill Wakley

1st Edition

1857757092, 978-1857757095

More Books

Students explore these related Accounting questions

Question

If f(t) is continuous for t ¥ 0, the Laplace transform of f is the function F defined by and the domain of F is the set consisting of all numbers s for which the integral converges. Find the...

Answered: 3 weeks ago

Question

(L01) (Change in PrincipleInventory Methods) Holder-Webb Company began operations on January 1, 2015, and uses the average-cost method of pricing inventory. Management is contemplating a change in...

Answered: 3 weeks ago

Question

=+ (a) Show that it is enough to prove that P( f"'B) is 0 or 1 for every Borel set B, where P is Lebesgue measure on the unit interval.

Answered: 3 weeks ago

Question

Thoni Manufacturing has gathered information from materials requisition sheets and labor time sheets for several jobs worked on during the last month and needs to calculate the job costs. Required a....

Answered: 3 weeks ago

Question

Dawn was a sole proprietor engaged in a service business and reported income on a cash basis. Last year Dawn incorporated her business and transferred the assets, including all of the receivables, of...

Answered: 3 weeks ago

Question

Which of the following statements is correct about data analytics and data science?

Answered: 3 weeks ago

Question

B. Credit Card Volume: The total credit card volume for Visa, MasterCard, American Express, and Discover has increased dramatically in recent years, as shown in the table below. (Source, CardWeb...

Answered: 3 weeks ago

Question

Two desks are setup parallel (customer may choose any of these two desks). Each desk takes 26 minutes with each customer. What is the throughput of this parallel system? Provide your answer in...

Answered: 3 weeks ago

Question

Entrepreneur and firm founder Oscar Farinetti has said that Eataly's "informal style of communication shows how direct and approachable we are, just the way people like." A focus on customer...

Answered: 3 weeks ago

Question

Bank Organizer Printers Inc, produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ordered through the customers bank. The...

Answered: 3 weeks ago

Question

PA1 LO 10.1 Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the COO is considering hiring an extra worker, whose salary will be...

Answered: 3 weeks ago

Question

Approaches to Managing Organizations

Answered: 3 weeks ago

Question

Do members demonstrate respect for one anotherfor example, by keeping disagreements focused on the issues or positions at hand rather than on personal character?

Answered: 3 weeks ago

Question

Communicating Organizational Culture

Answered: 3 weeks ago

Previous Question Next Question