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Can you explain the answer in detail please?

Please help me with show all calculation thanku

7.14 Alpha sells machine B for $50,000 cash on 30 April 20X4. Machine B cost $100,000 when it was purchased and has a carrying value of $65,000 at the date of disposal. What are the journal entries to record the disposal of machine B? A Dr Accumulated depreciation $35,000 Dr Loss on disposal (SPL) $15,000 Dr Cash $50,000 Cr Non-current assets – cost $100,000 B Dr Accumulated depreciation $65,000 Dr Loss on disposal (SPL) $35,000 Cr Non-current assets – cost $100,000 C Dr Accumulated depreciation $35,000 Dr Cash $50,000 Cr Non-current assets $65,000 Cr Profit on disposal (SPL) $20,000 D Dr Non-current assets $65,000 Dr Accumulated depreciation $35,000 Cr Cash $50,000 Cr Profit on disposal (SPL) $50,000

Could you explain the theory behind this answer please I dont understand where the value come from.

Need a T graph : Sale of Building Building Asset: 555,047.06Accumulated Depreciation: 121,507.21Sale Cash $300,000 however you only recieve 295,446.97 because the lawyer took 4,553.03

Assume Sambazon.com e sold an acai processing machine for $172,000 cash. If accumulated depreciation on the sale date was $58,311 and a gain of $6,721 was recognized on the sale, what was the original cost of the asset? O $223,590 O $216,869 O $165,279 O $65,032 O $113,689

PA12. LO 11.5 Garcia Co. owns equipment that costs $76,800, with accumulated depreciation of $40,800. Garcia sells the equipment for cash. Record the journal entry for the sale of the equipment if Garcia were to sell the equipment for the following amounts: A. $47,000 cash B. $36,000 cash C. $31,000 cash

Compute depreciation under different methods. b. 2.2022 DDB depreciation $90,000 P10.3 (LO 2), AN On January 1, 2022, Evers Company purchased the following two machines for use in its production process. Machine A: Machine B: Instructions The cash price of this machine was $48,000. Related expenditures also paid in cash included: sales tax $1,700, shipping costs $150, insurance during shipping $80, installation and testing costs $70, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Evers estimates that the useful life of the machine is 5 years with a $5,000 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used. The recorded cost of this machine was $180,000. Evers estimates that the useful life of the machine is 4 years with a $10,000 salvage value remaining at the end of that time period. a. Prepare the following for Machine A. 1. The journal entry to record its purchase on…

1. Use the following information about a newly acquired plant asset for cash. Record the information in a GJ form List Price $37,000 Sales Tax 2, 500 Freight Charges 2,800 Installation 700 Repairs due to breakage while unpacking equipment 400 2. On January 1, 2000, a piece of equipment was purchased at a cost of $26,000 and has an estimated salvage of $4,000. The estimated useful of the equipment is five years. Calculate the depreciation for 2000 & 2001 using the following methods: a. The straight-line method b. The double declining balance method

Anoy Inc., exchanged a trucj that cost $30,000 (now 50% depreciated) for a similar truck with an appraised value of $25,000. Anoy paid boot of $6,000. Anoy should record the new truck at a. $25,000 b. $30,000 c. $21,000 d. $31,000

On January 1, 2020, Mustafa Sultan Company sold printer for RO10,000 cash. The printer originally cost RO 35,000. As of January 1, 2020, it had accumulated depreciation of RO 32,000. Prepare the journal entry to record the sales of the printer Select one: O a. Truck 35,000 Gain on disposal of truck 7,000 cash 10,000 Accumulated Depreciation 32,000 O b. 35,000 Accumulated Depreciation Equipment 35,000 C. Accumulated Depreciation 32,000 ill lis iSI 直 0

1. ABC Company purchases a truck by paying $5000 cash and surrendering a piece of equipment with a book value of $12,000 and a fair value of $15,000. What is the cost of the truck acquired in this trade? A. $15,000 B. $20,000 C. $17,000 D. $10,000   2. Routine repair and maintenance costs should be A. capitalized and depreciated over the expected useful life. B. added to the cost of the asset but not depreciated. C. expensed in the period incurred. D. expensed in the next fiscal year.   3.  As long as three conditions are present, interest is capitalized for the period. Which one of the following is not one of these three conditions? A. Expenditures for the asset have begun. B. Activities that are necessary to get the asset ready for its intended use are in progress. C. The asset is operational. D. Interest cost is being incurred.

A copy machine cost $39,000 when new and has accumulated depreciation of $25,000. Suppose Print Center sold the machine for $14,000. What is the result of this disposal transaction? OA. Gain of $14,000 OB. Loss of $25,000 OC. Loss of $14,000 D. No gain or loss

A copy machine cost $32,000 when new and has accumulated depreciation of $26,000. Suppose Copy Center sold the machine for $6,000. What is the result of this disposal transaction? OA. Loss of $6,000 OB. Loss of $26,000 OC. Gain of $6,000 OD. No gain or loss

Aa.2

1 QUE Sunland Company acquires land for $85700 cash. Additional costs are as follows: Removal of shed $ 250 Filling and grading 1600 Salvage value of lumber of shed 160 Broker commission 1100 Paving of parking lot 9700 Closing costs 570 Sunland will record the acquisition cost of the land as     $87370.   $89380.   $89060.   $95400. 2 QUE A company has the following assets: Buildings and Equipment, less accumulated depreciation of $2010000 $9520000 Copyrights 959000 Patents 4100000 Timberlands, less accumulated depletion of $2760000 4870000 The total amount reported under Property, Plant, and Equipment would be     $19449000.   $15349000.   $14390000.   $18490000.

On January 1, 20X1, your company purchases for $550,000 a machine with an estimated useful life of 10 years and a salvage value of $50,000. Using SYD depreciation, the 20X2 depreciation expense is: $18,182 $81,818 $90,000 $200,000

Please solve the question in the image below

Can you tell me why this keeps saying that the answer is incomplete? I’ve already depreciated the asset down to its residual value.

Tony Company sells equipment for $20,000 cash. The equipment has a historical cost of $63,000 and accumulated depreciation of $54,000. What is the gain or loss on sale of the equipment?    A. $20,000 gain   B. $11,000 gain   C. $11,000 loss   D. $20,000 loss

To calculate the amount of increase to the property, pland and equipment, do I need to minus depreciation expense? which is the correct answer? A. Total increase in amount =730,000  B. Total increase in amount = 755,000