Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Acci is a company that produces sweets. The company uses a machine to mix sugar pasta and produce sweets. In 2019 , the machine was

image text in transcribed
image text in transcribed
Acci is a company that produces sweets. The company uses a machine to mix sugar pasta and produce sweets. In 2019 , the machine was replaced by a new one. With regard to the old machine, we know that Acci bought the machine on April 3rd2015 for 120000 C and started using the machine on April 9 th 2015. At this date, it was decided to depreciate the machine on a straight line basis over 5 years and the company's CEO estimated that afterwards it could be sold on the second hand market for 20000<. on february the old machine was sold. what is carrying amount of this off considering that selling price does acci record a gain or loss disposal choose right answer case do not forget to put in front bought new for account ready be used company plans use over years before it calculate depreciation>

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Managerial Accounting 1

Authors: Ray H. Garrison

1st Edition

1259114457, 978-1259114458

More Books

Students also viewed these Accounting questions