FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Concord Corporationpurchased machinery for $1130000on January 1, 2017. Straight-line depreciation has been recorded based on a $89000salvage value and a 5-year useful life. The machinery

Concord Corporationpurchased machinery for $1130000on January 1, 2017. Straight-line depreciation has been recorded based on a $89000salvage value and a 5-year useful life. The machinery was sold on May 1, 2021 at a gain of $20500. How much cash didConcordreceive from the sale of the machinery?

$224300.

$159300.

$337300.

$248300.

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

Accounting Theory Conceptual Issues in a Political and Economic Environment

Accounting Theory Conceptual Issues in a Political and Economic Environment

Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki

9th edition

9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021

More Books

Students also viewed these Accounting questions

Question

★★★★★
A car rental agency has a budget of $1.8 million to purchase at most 100 new cars. The agency will purchase either subcompact cars at $15,000 each or mid-sized cars at $30,000 each. From past rental...

Answered: 1 week ago

Question

★★★★★
Perform an audit of the university, focusing on the location of facilities and personnel flow.

Answered: 1 week ago

Question

★★★★★
The MINITAB output given in Figure 10.17 summarizes the fit of the logistic regression models logit(????) = ????0 + ????1NDRUGTX + ????2RACE + ????3RACE*NDRUGTX + ????4TREAT and logit(????) = ????0 +...

Answered: 1 week ago

Question

★★★★★
Key facts and assumptions concerning Kroger Company, at December 12, 2007, appear below. Using this information, answer the questions following. Facts and Assumptions Yield to maturity on long-term...

Answered: 1 week ago

Question

★★★★★
Write a java method that receives a reference to a binary tree root and find the sum of values in nodes that represent a diagonal. Assume that the tree nodes contain integer values. A 6 40 Sum -...

Answered: 1 week ago

Question

★★★★★
Considering profit maximization occurs where MR = MC, clearly indicate in the diagram below the profit maximizing production and price of a single-price monopolist (1). Also indicate the monopolist's...

Answered: 1 week ago

Question

★★★★★
11. [p. 15] What is the equation preload and bolt size? used to calculate required Calculate fastener the tightening torques for the 20 fastener, a grade 8, -20 fastener and a grade 8, 14-28 faster...

Answered: 1 week ago

Question

★★★★★
Comfort with public disagreement is a big source of conflict on cross-cultural teams. Members from cultures that place a high value on "face" and group harmony may be averse to confrontation because...

Answered: 1 week ago

Question

★★★★★
Barilla Case: Which of the following contributed significantly to the weekly order fluctuation Barilla was experiencing? (Choose all that apply) Group of answer choices Lack of trust (history of...

Answered: 1 week ago

Question

★★★★★
7- Figure P6-28 shows a quick-return mechanism with dimensions. Calculate the velocities of points A, B, and C and the velocity of slip for the position shown. 2 = 10 rad/s CCW. L2-1.00 in L4 4.76...

Answered: 1 week ago

Question

★★★★★
Slugworth Candies, LLC, candy-making company that employs around 390 people. The company is composed of seven departments: Executive Staff (40), Human Relations (5), Finance and Accounting (10),...

Answered: 1 week ago

Question

★★★★★
Find the number c that satisfies the conclusion of the Mean Value Theorem on the given interval. f(x)=2sqrtx, [0, 25]

Answered: 1 week ago

Question

★★★★★
2. Find five metaphors for communication.

Answered: 1 week ago

Question

★★★★★
5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

Answered: 1 week ago

Question

★★★★★
3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.

Answered: 1 week ago

Previous Question Next Question