An asset was acquired on january 1, 2021, for $15,000 with an estimated 4-year life and $1,000 residual value. the company uses straight-line depreciation. calculate the gain or loss if the asset was sold on december 31, 2023, for $5,000.

a. $500 gain
b. $3,000 loss
c. $1,500 gain
d. $500 loss

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing

Which external factor has enabled addition of special effects in advertisements and tracking of responses of customers over websites?