On 1/1/X2, Herman Inc. decided to sell one of its machines for $15,000 cash. The following data are available for the machine as of the disposal date: Cost $125,000 Original estimated residual value 5,000 Accumulated Depreciation as of 12/31/X1 100,000 Question: How much gain or loss should be recorded on the sale of this asset

What happens when a bank is required to hold more money in reserve?

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.