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On December 31, Bonds Baseball Company has decided to sell one of its batting cages. The initial cost of the equipment was $225,000 with an
On December 31, Bonds Baseball Company has decided to sell one of its batting cages. The initial cost of the equipment was $225,000 with an accumulated depreciation of $195,000. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $10,000. What is the amount of the gain or loss on this transaction? OA. Gain of $10,000 B. Loss of $20,000 C.No gain or loss OD. Cannot be determined On the Balance Sheet, the Allowance for Doubtful Accounts represents uncollectible accounts expense for the year total of the accounts receivables written-off during the year total amount of accounts receivable a company does not expect to collect sum of all accounts that are past d An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $350; cumulative earnings for the year prior to the current week, $99,700; social security tax rate, 6.0% on a maximum of $100,000; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? A. $775.00 O B. $752.50 0 C. $1,225.00 OD. $1,102.50 On December 31, Bonds Baseball Company has decided to sell one of its batting cages. The initial cost of the equipment was $225,000 with an accumulated depreciation of $195,000. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $10,000. What is the amount of the gain or loss on this transaction? OA. Gain of $10,000 B. Loss of $20,000 C.No gain or loss OD. Cannot be determined On the Balance Sheet, the Allowance for Doubtful Accounts represents uncollectible accounts expense for the year total of the accounts receivables written-off during the year total amount of accounts receivable a company does not expect to collect sum of all accounts that are past d An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $350; cumulative earnings for the year prior to the current week, $99,700; social security tax rate, 6.0% on a maximum of $100,000; and Medicare tax rate, 1.5% on all earnings. What is the gross pay for the employee? A. $775.00 O B. $752.50 0 C. $1,225.00 OD. $1,102.50
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