Allen Construction, Inc., had a piece of equipment that cost $32,000 and had accumulated depreciation of $24,000. Read the requirement Test a. Allen Construction discarded the equipment receiving 50. (Record debits first, then credits. Exclude explanations from all journal entries.) Journal Entry Accounts Debit Credit Date Choose from any list or enter any number in the input fields and then click Check Answer static) 0 Requirement Ques had a pid carded 1. Record the disposition of the equipment assuming the following independent situations: a. Allen Construction discarded the equipment, receiving $0. b. Allen Construction sold the equipment for $10,000 cash. c. Allen Construction traded the equipment in on a new piece of equipment costing $41,000. Allen Construction was granted a(n) $11,000 trade-in allowance for the old equipment and paid the difference in cash. d. Allen Construction traded the equipment in on a new piece of equipment costing $38,000. Allen Construction was granted a $4,500 trade-in allowance for the old equipment and signed a note payable for the difference. Print Print Done or number in the input field and then click Check Answer P8-52A (book/static) ents Question Help The following is selected data for Armada Industries Click the icon to view the selected data) work Read the requirements /Test Requirement 1. Calculate the return on assets (ROA) and the fixed asset turnover ratio for Armada Industries for 2017 and 2018. Round your answers to two decimal places Start by calculating the return on assets (ROA) for 2017 and 2018 Select the formula and then complete the calculations. (Round your answers to two decimal places XXX%) 7 - Return on assets 70 i Requirements - X our Calculate the return on assets (ROA) and the fixed asset turnover ratio for Armada Industries for 2017 and 2018. Round your answers to two decimal places. Have the ratios improved or deteriorated? Comment on the trend in both ratios. Print Done Clear All foi Data Table found yo 2018 1,468,000 $ 124,000 165,000 669,000 834,000 Sales.............. .....$ Net income.. Total, current assets, ending ..... Property, plant and equipment, ending ... Total assets, ending 2017 1,147,000 $ 114,000 123,000 721,000 844.000 2016 1,410,000 118,000 164,000 622,000 786,000 ur ans Print Done