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Question - A fixed asset with a cost of $34,112.00 and accumulated depreciation of $30,700.80 is sold for $5,799.04. What is the amount of the gain or loss on disposal of the fixed asset?
$3,411.20 gain
$3,411.20 loss
$2,387.84 loss
$2,387.84 gain
Blossom Co. purchased a equipment on January 1, 2015, for $555,500. At that time, it was estimated that the equipment would have a 10-year life and no salvage.
There was a building on the land that cost $10,186 to remove and salvage from the building was sold for $2,791
The patent had a book value of $35,000. However, the technology covered by the patent appeared to have significant market potential. Thus, the patent was appraised at $280,000.
Gaelic Industries Inc., operating at full capacity, sold 22,350 units at a price of $150 per unit during 2010. Compute the break-even sales (units) for 2010
franklin co. borrowed 75000 from a bank on august 1 2006. theannual interest rate on the loan was 10. franklin co.
Compute the amount of dividends that must have been paid to preferred stockholders and common stock- holders in each of the three years, given the following four independent assumptions:
Prepare a classified balance sheet for the partnership after the partners' investments on December 31, 2017.
Calculate Sharpe's measure for the portfolio and the market. Compare the two measures, and assess the performance of the Fios's portfolio during the year.
werth company asks you to review its december 31 2010 inventory values and prepare the necessary adjustments to the
ACC 303 Company Accounting Assessment. How is the group of companies funded? Share capital, debentures? Any options, bonus issues etc. Who owns the group
Smith Corporation is preparing its December 31, 2009, balance sheet. The following items may be reported as either a current or long-term liability.
Watson Township plans to build an auditorium. The plans were drawn for $ 100,000 by an architect who will complete the plans and bill the city after the bonds are issued.
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