User Account

All Pages

What is the amount and character of butte gain or loss

Assignment Help Accounting Basics
Reference no: EM132042587

Question - Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $50,000 several years ago and has claimed $12,500 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss?

A. 7,500; 1231 loss

B. 5,000; 1231 loss

C. 7,500 ordinary gain

D. 7,500 capital gain.

E. None of these.

Reference no: EM132042587

Questions Cloud

Full and total attention to something living and real : How difficult do you find it to be to give your full and total attention to something living and real? Why?
Responsibilities from conventional ethical relations : You may also want to explore how/whether these responsibilities differ from conventional ethical relations in order to defend your thesis.
What growth rate of earnings would you forecast for bastion : What growth rate of earnings would you forecast for Bastion? what price would you estimate for Bas-tion’s stock?
Remember the grammar rules : What is the easiest way to remember the grammar rules?
What is the amount and character of butte gain or loss : Butte sold a machine to a machine dealer for $50,000. What is the amount and character of Butte's gain or loss
What coupon rate will the new bonds have : Dalton Inc. wants to issue more debt.They are considering 10-year bonds. What coupon rate will the new bonds have if the added debt does not change the chance.
Company dividend per share and payout ratio : If MLC follows the residual dividend model,what will be the company’s dividend per share and payout ratio for the upcoming year?
Compare and contrast agile and waterfall models : Compare and contrast agile and Waterfall models of managing a project in the context of building an e-Commerce Website.
What is the company wacc : Market: 11 percent market risk premium and 5.2 percent risk-free rate. What is the company's WACC?

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