Food to go delivery service disposed of one of their

Reference no: EM13483256

Food to go delivery service disposed of one of their delivery cars after using it for two years. The records of the company provide the following information: Delivery car cost: 30,000 Accumulated depreciation 10,000 Calculate the gain or loss on the disposal of the car for each of the following independent situations: a. Food to go sold the car to another company for 22,000 b. Food to go sold the car to another company for 17,000 c. The car was stolen from the parking lot and no insurance was carried or it for theft.

Reference no: EM13483256

Questions Cloud

Repair of damage incurred in reconditioning the press a : carl warren tina chester owns and operates pinebush print co. during september pinebrush print co. incurred the

Calculate depreciation expense using the activity-based : asty subs acquired a delivery truck on october 1 2012 for 19850. the company estimates a residual value of 7550 and a

Calculate depreciation expense of the equipment for the : super saver groceries purchased store equipment for 36000. super saver estimates that at the end of its 12-year service

Mccoys fish house purchases a tract of land and an existing : mccoys fish house purchases a tract of land and an existing building for 970000. the company plans to remove the old

Food to go delivery service disposed of one of their : food to go delivery service disposed of one of their delivery cars after using it for two years. the records of the

Purchases on landscaping supplies direct materials are paid : environmental landscaping inc. is preparing its budget for the first quarter of 2012. the next step in the budgeting

Sppose congress changed the tax laws so that menendezs : the menendez corporation expects to have sales of 12 million in 2002. costs other than depreciation are expected to be

Budgeting usually begins with the sales forecast since this : the following is a statement by a management consultantmany managers claim that budgets are impractical because

Last year a company reported 750000 in sales and a net : last year a company reported 750000 in sales and a net operating income of 25000. at the break even point the companys

User Account

All Pages