subject
Business, 26.11.2019 00:31 tuetheturtle

On december 31, strike company sold one of its batting cages for $20,000. the equipment had an initial cost of $310,000 and had accumulated depreciation of $260,000. depreciation has been recorded up to the end of the year. what is the amount of the gain or loss on this transaction?
a. gain of $30,000
b. gain of $20,000
c. loss of $20,000
d. loss of $30,000

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:00
The person in charge of managing the reputation of a brand is called?
Answers: 2
question
Business, 21.06.2019 20:20
while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had him remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the component of its specific environment.
Answers: 2
question
Business, 21.06.2019 21:00
Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400
Answers: 2
question
Business, 22.06.2019 17:30
Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $
Answers: 2
You know the right answer?
On december 31, strike company sold one of its batting cages for $20,000. the equipment had an initi...
Questions
Questions on the website: 13722363