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How are disposals of plant assets recorded? We sold a piece of equipment for $20,000. The equipment originally cost $15,000, and at the time of
- How are disposals of plant assets recorded?
- We sold a piece of equipment for $20,000. The equipment originally cost $15,000, and at the time of the sale had $3,000 in accumulated depreciation. Journalize for the sale of the piece of equipment.
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- How do we use asset turnover ratio to evaluate business performance?
- What is the formula for asset turnover ratio?
- If net sales revenue is $20,000, beginning assets totaled $10,000, and ending assets total $12,000, what is the asset turnover ratio (take to 2 decimal places)?
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Information Systems Control And Audit
Authors: Et Al. Hyo-Jeong Kim, Michael Mannino, Compiled By Koros Press Editorial Board
1st Edition
1781639426, 978-1781639429
