On march 1 2004 tucker corporation purchased a new machine

Reference no: EM13576257

On March 1, 2004, Tucker Corporation purchased a new machine for $355,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $19,000. The company has recorded monthly depreciation using the straight-line method. On July 1, 2013, the machine was sold for $45,000. What gain should be recognized from the sale of the machine?

Reference no: EM13576257

Questions Cloud

If the interest rate is 8 what is the equivalent value of : you own an ordinary annuity contract that will pay you 3000 per year for 12 years. you need money to pay back a loan

Hodgson companys december 31 2014 balance sheet reports : hodgson companys december 31 2014 balance sheet reports assets of 8500000 and liabilities of 4500000. all of hodgsons

Direct labor and manufacturing overhead budgets 8-14 the : direct labor and manufacturing overhead budgets 8-14 the production department of raredon corporation has submitted the

Write up a brief description of the problem with the : hypothesis testing is one of the mainstays of medical research literature. you would be hard-pressed to find a research

On march 1 2004 tucker corporation purchased a new machine : on march 1 2004 tucker corporation purchased a new machine for 355000. at the time of acquisition the machine was

Nrtons outstanding stock consists of a 13000 shares of : nortons outstanding stock consists of a 13000 shares of noncumulative 8 preferred stock with a 10 par value and b 32500

What are the step-by-step answers to excel case - : what are the step-by-step answers to excel case - translating foreign currency financial statements on page 500-501 in

The cost of general release feature productions is divided : inventories. the costs of feature films and television programs including production advances to independent producers

Using either the high-low method or regression analysis : determine if there is a relationship between machine hours and utility costs.monthmachine hoursutility

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages