Business, 15.04.2020 16:31 NobleWho

On December 31, Strike Company sold one of its batting cages for $50,000. The equipment had an original cost of $310,000 and has 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? Group of answer choices

loss of $50,000
gain of $50,000
loss of $260,000
no gain or loss

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 19:40

Policymakers are provided data about the private and social benefits of a good being sold in the market. quantity private mb ($) social mb ($) 6 6 9 7 4 7 8 2 5 9 0 3 what is the size of the externality? if the externality is positive, enter a positive number. if negative, make it a negative number. $ given this data, policymakers must decide whether to address the associated externality with a subsidy or a tax. as their economic consultant, which of the two policy tools would you recommend? a subsidy a tax

Answers: 2

Answer

Business, 22.06.2019 16:40

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.

Answers: 1

Answer

Business, 22.06.2019 20:10

Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%

Answers: 2

Answer

Business, 22.06.2019 21:10

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?

Answers: 1

Answer

You know the right answer?

On December 31, Strike Company sold one of its batting cages for $50,000. The equipment had an origi...

Questions