Gunkelson company sells equipment on september 30, 2015, for $18,010 cash. the equipment originally cost $71,880 and as of january 1, 2015, had accumulated depreciation of $42,260.
depreciation for the first 9 months of 2015 is $5,480.

prepare the journal entries to:

(a) update depreciation to september 30, 2015

(b) record the sale of the equipment.

What does the phrase limited liability mean in a corporate context?

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Sue now has $125. how much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? a. $205.83b. $216.67c. $228.07d. $240.08e. $252.08