User Account

All Pages

Complete gain or loss on the sales of the equipment

Assignment Help Accounting Basics
Reference no: EM132429482

Question - A piece of equipment with a cost of $11,000. A useful life of 5 years and a salvage value of $1000 is a depreciated using the straight line depreciation method. On the first day of the forth year the equipment is sold for $4000. Using this info, complete gain or loss on the sales of the equipment?

1000 gain

3000 loss

2000 gain

1000 loss.

Reference no: EM132429482

Questions Cloud

What is the monthly payment : What is the monthly payment for a 10 year loan paid monthly for 10 years where the amount of the loan is $80,000 and the annual percentage rate is 3.5%
What do you suggest for successful entrepreneur : What do you suggest for this successful entrepreneur as to a form of organization to be used?
Case study-burlington coat factory warehouse : Burlington Coat Factory Warehouse, Inc., had a dress code that required male salesclerks to wear business attire consisting of slacks, a shirt, and a necktie
E-commerce internet business model : Identify three different businesses that use the e-commerce Internet business model and their successful descriptions for solutions to information systems.
Complete gain or loss on the sales of the equipment : A useful life of 5 years and a salvage value of $1000 is a depreciated using the straight line depreciation method. Complete gain or loss on the sales
Implementing an advanced information system solution : Please explain how can organizations create value by implementing an advanced information system solution paired with the appropriate business model?
Articles on balanced scorecard : Review at least 4 articles on Balanced Scorecard. As an IT professional, discuss how you will use Balanced Scorecard to manage IT resources efficiently.
Foster effective partnerships with federal : It is the emergency manager's role to coordinate, negotiate, and foster effective partnerships with federal, state, and local government in order to promote
Data visualization and geographic information systems : Discuss how you would use the materials in Chapter 11 of your textbook communicating IT information to other department.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd