Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 31, 2024

This is a serial question please awnser both. Thank you! If dane purchased equipment for 27000 and had accumulated Depreciation of 8000 when it sold

This is a serial question please awnser both. Thank you!

If dane purchased equipment for 27000 and had accumulated Depreciation of 8000 when it sold for 17000 What is the required journal entry to record the sale?

If Dane purchased equipment for 27500 and had a accumulated depreciation of 8000 when it sold for 17000 compute the gain or loss on the sale.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting In An Economic Context

Authors: Jamie Pratt

7th Edition

0470128828, 978-0470128824

More Books

Students also viewed these Accounting questions

Question

★★★★★

Match the following terms to the appropriate definition (or partial definition). Each definition is used once. Term a. Commitment b. Contingent liability c. General risk contingency d. Iron curtain...

Answered: 1 week ago

Question

★★★★★

What do I need to come up with a brand new marketing plan for a delivery organisation?

Answered: 1 week ago

Question

★★★★★

82. Let X1, X2,... be independent continuous random variables with a common distribution function F and density f = F , and for k 1 let Nk = min{n k: Xn = kth largest of X1,..., Xn} (a) Show that...

Answered: 1 week ago

Question

★★★★★

The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: The company expects to sell...

Answered: 1 week ago

Question

★★★★★

QUESTION 6 (25 Marks) CLO CLO4 6. Marks 0 ( 3 14 5 3 (a) In order to finance it's project, an oil company is raising it's capitals by taking loan, selling bond and using internal company's profits....

Answered: 1 week ago

Question

★★★★★

Al Salma Trading LLC is a registered Company in Muscat Securities Market, Sultanate of Oman doing business in manufacturing industry since 1990. It has the following financial information for the...

Answered: 1 week ago

Question

★★★★★

6. What resources are available to the front office manager? Rank the importance of these resources in providing service to guests and supervising employees. 7. How does the front office manager...

Answered: 1 week ago

Question

★★★★★

Choose a local or international organisation with which you are familiar. All of your answers must be based on this organisation. You must be able to easily obtain the required background information...

Answered: 1 week ago

Question

★★★★★

Paul, Sarker, and Essam (2016) identified four types of supply chain disruption risks. Based on course readings and your experience, in 3/4 paragraphs, address the following: Which are the greatest...

Answered: 1 week ago

Question

★★★★★

REMEMBER ME- LIVING LEGACIES Imagine you created business from a website that you can use as a memorial for your loved ones that passed away. Management and Operations Including yourself, how many...

Answered: 1 week ago

Question

★★★★★

If most new products are minor modifications of existing products, why do firms continue with high-risk, high-cost projects?

Answered: 1 week ago

Question

★★★★★

Discuss the relationship between an organizations culture and employee engagement.

Answered: 1 week ago

Question

★★★★★

Explain the relationship between employment equity, diversity, and inclusion.

Answered: 1 week ago

Question

★★★★★

Explain the impact of organizational culture on employees.

Answered: 1 week ago

Previous Question Next Question