A new drill press was purchased for $148,000 by trading in a similar machine that had a book value of $46,220. Assuming that the trade-in allowance is $40,000 and that $108,000 cash is to be paid for the new asset, what is the cost basis of the new asset for depreciation purposes?
Answers: 2
Business, 22.06.2019 03:30
Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.
Answers: 1
Business, 22.06.2019 17:30
Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve
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Business, 23.06.2019 08:20
According to the balanced budget multiplier, an increase in government spending of $10,000 that is financed by an increase of $10,000 in taxes will have what effect on the economy when mpc is 0.80?
Answers: 1
Business, 23.06.2019 08:20
Analyze the forces in the marketing environment that have contributed to pinterest’s explosion in popularity?
Answers: 3
A new drill press was purchased for $148,000 by trading in a similar machine that had a book value o...
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