Should livingston enterprises recognize a gain or a loss

Reference no: EM133609829

Question: Livingston Enterprises sold a building that originally cost $180,000 for $101,000 cash. The accumulated depreciation on the building was $79,000. Should Livingston Enterprises recognize a gain or a loss? If yes, indicate which and the amount of the gain or loss.

Reference no: EM133609829

Questions Cloud

How often the baby cries : how often the baby cries. The psychologists observe several day care centers where infants are being cared for and record the number of times each baby is held

Salvage value at the end of its useful life : salvage value at the end of its useful life. Rounding to the nearest one dollar, what is the book value of the equipment on January 1, 2005

Provide two examples of the development of civilization : According to Chapter One in the Textbook (i.e. citing examples) after the domestication of agriculture, provide two examples of the development of civilization.

How something you are learning in this week chapter : how something you are learning in this week's chapter can impact your life OR has opened up your eyes to see psychology in your life. Your post might apply

Should livingston enterprises recognize a gain or a loss : Should Livingston Enterprises recognize a gain or a loss? If yes, indicate which and the amount of the gain or loss

What factors must be kept in mind when building relationship : What factors must be kept in mind when building relationships between adults and children who are neuro-diverse versus those who are neuro-typical?

What happen with youth who cross state line and commit crime : What happens with youth who cross state lines and commit a crime? What should happen to children below the lower age limit who commit criminal offenses?

Is the therapist required to report this in the state : A client informs her therapist that her elderly mother was living alone despite significant cognitive decline and her sister has taken a mortgage against her

How is excess cash treated in the equity value : How is excess cash treated in the equity value calculation when going from total enterprise value to equity value? 1 point It has no impact on equity value

User Account

All Pages