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this is all i have for the question. this is all the amount i have in hand . sorry and please help me. help me
The following is a tabular summary relating to equipment that was purchased for cash by a company on the first day of the current year The equipment was depreciated on a straight-line basis with an estimated useful life of 10 years and a salvage value of $80. Part of the equipment was sold on the last day of the current year for cash proceeds. Use the information in the tabular summary to derive the missing amounts: (a) (b) Purchase of equipment on January 1. What was the cash paid? Depreciation recorded on December 31. What was the depreciation expense? Sale of part of the equipment on December 31. What was the gain on disposal? (c) alf a transaction causes a decrease in Assets, Llabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Llability or Equity Item that was reduced.) Olf a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) In front of the amount entered for the particular Asset, Lability or Equity Iter that was reduced.) Assets Liabilities + Cash + Equipment - Accum. Depr.- Equip. = Common Stock + Jan. 1 (a) $ 0 $1,120 Dec. 31 $104 Dec. 31 432 -450 30 (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) In front of the amount entered for the particular Asset, Lability or Equity item that was reduced.) Liabilities + Stockholders' Equity Retained Earnings Revenue Expense Common Stock + Dividend (b) $ 1016 (c) $ 12 The following is a tabular summary relating to equipment that was purchased for cash by a company on the first day of the current year The equipment was depreciated on a straight-line basis with an estimated useful life of 10 years and a salvage value of $80. Part of the equipment was sold on the last day of the current year for cash proceeds. Use the information in the tabular summary to derive the missing amounts: (a) Purchase of equipment on January 1. What was the cash paid? (b) Depreciation recorded on December 31. What was the depreciation expense? te) Sale of part of the equipment on December 31. What was the pain on disposal? (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Iter that was reduced.) Assets = Liabilities + Cash + Equipment - Accum. Depr.- Equip. - + Common Stock + Jan. 1 (a) $ $1.120 Dec. 31 -$104 Dec. 31 432 -450 30 e Textbook and Media Assistance Used (If a transaction causes a decrease in Assets, Liabilitles or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Labillty or Equity item that was reduced.) Liabilities + Stockholders' Equity Retained Earnings + Common Stock + Revenue Expense Dividend (b) $ 101.6 (c) $ 12 Tech
