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Question 8 6 pts On January 1, 2025, Fa7-04q Company paid $236,900 to purc hase some equipment. The equipment was assigned a $4,700 salvage va
Question 8 6 pts On January 1, 2025, Fa7-04q Company paid $236,900 to purc hase some equipment. The equipment was assigned a $4,700 salvage va lue and a useful life of eight years. Fa7-04q Company will use the sum-of-the years-digits' depreciation method to depreciate the equip ment. On December 31, 2027, Fa7-04q Company sold the equipment for $45,000 cash. Calculate the amount of the loss recorded by Fa7-049 Comp any from the sale of the equipment. Do not enter your answer with a mi nus sign in front of the number. Question 9 6 pts Bh-8CR Company employs a periodic inventory system and se lls its inventory to customers for $46 per unit. Bh-8cR Company's inventory records disclosed the following information for the month of April: Beginning inventory was 4,800 units @ $38 cost April 1: per unit April 8: April 12: April 16: April 19: April 23: April 27: April 29: Purchased 3,600 units @ $14 cost per unit Purchased 5,300 units @ $23 cost per unit Sold 9,300 units Purchased 6,800 units @ $45 cost per unit Sold 1,700 units Sold 6,900 units Purchased 3,400 units @ $46 cost per unit Bh-8cR Company's operating expenses for April totaled $13 4,800 and the April income tax rate was 33%. Calculate the amount of net income reported on Bh-8CR Com pany's income statement for April using the FIFO (first-in, first-out) method
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