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Question #5 (9 marks) This question consists of 2 independent sub-questions 1. Beginning $103,000 Ending $107,000 PPE, net Depreciation for the period $19,500 Acquisition of
Question #5 (9 marks) This question consists of 2 independent sub-questions 1. Beginning $103,000 Ending $107,000 PPE, net Depreciation for the period $19,500 Acquisition of new PPE $27,000 Loss on the disposition of PPE $1,000 Calculate the cash proceeds from the disposition. (6 marks) 2.13 marks) Suppose party goers to a party must shake hands. If there are 2 people at the party, there is only one handshake. If there are 3 people at the party, there are 3 handshakes. If there are 4 people at the party, there are 6 handshakes. How many handshakes if there are 10 people at the party? Hint: If there are n people at the party, then there are [n(n-1)]/2 handshakes After the covid-19 pandemic is over, try it at your next party. Ask the question, then shake hands and count. You will be the star of the party. The formula works
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