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Note: Double Declining Balance = 200% Declining Balance A. How much is the depreciation for year 3? Select one: o a. P158,203.13 o b. P150,000 o c. P210,937.50 o d. P187,500 В. How much is the total depreciation as of year three using DDB method? C. What is the equipment's book value at the end of year three?

A fixed asset with a cost of dollar 42,200 and accumulated depreciation of dollar 36,500 is sold for dollar 9,850. What is the amount of the gain or loss on disposal of the fixed asset? a. dollar 4,100 loss b. dollar 3,500 loss c. dollar 4,150 gain d. dollar 2,000 gain

What's the amount of gain/loss?

Note:- General Account

What is the amount of the gain or loss on disposal of fixed assets?

Need to solve for depreciation, to get earnings before interest & taxes. Use the following info below:   Yr 0 Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Terminal Sales Units   492,236 534,175 579,686 629,075 682,673 711,755 742,075 773,688 806,647 841,010 864,979 Unit Price    $                329.00  $                344.04  $                359.76  $                376.20  $                393.39  $                402.24  $                411.29  $                420.55  $                430.01  $                439.68  $                449.58 Sales Revenue    $ 161,945,644.00  $ 183,774,886.84  $ 208,546,572.77  $ 236,657,324.43  $ 268,557,226.62  $ 286,297,714.18  $ 305,210,111.73  $ 325,371,833.89  $ 346,865,409.18  $ 369,778,817.81  $ 388,874,658.19                           VC per unit    $                156.00  $                161.05  $                166.27  $                171.66  $                177.22  $                185.94  $…

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A fixed asset with a cost of $38, 400

A fixed asset with a cost of $30,000 and accumulated depreciation of $28,000 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset? a. $2,000 loss b. $1,500 gain c. $3,500 gain d. $2,000 gain

Initial Equipment Cost, $M 12.0 Depreciation, % 75.00% Current Equipment Value, $M 4.0 Marginal Tax Rate 40.00%         Current Book Value, $M ? Profit/Loss On Sale, $M ? Taxes Owed (Saved) On Sale, $M ? After-Tax Net Salvage Value, $M ?

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

An asset which costs $25,000 and has accumulated depreciation of $6,000 is sold for $11,000. What amount of gain or loss will be recognized when the asset is sold?   a. A gain of $14,000   b. A loss of $14,000   c. A gain of $8,000   d.  A loss of $8,000

A fixed asset with a cost of $26,000 and accumulated depreciation of $23,400 is sold for $4,420. What is the amount of the gain or loss on the sale of the fixed asset? Oa. $2,600 loss Ob. $2,600 gain Oc. $1.820 loss Od. $1,820 gain Previous Next 7:04 PM 12/11/2020 18 a

What is the gain or loss on the sale of an asset that originally cost $12,000, has accumulated depreciation of $5,000, and is sold for $6,000? a.$6,000 loss b.$1,000 gain c.$1,000 loss d.$3,000 loss

The straight-line method Question: Cost $134,400 Estimated Residual Value $12,500 Estimated Useful Life (in years) 4 Estimated Useful Life (in working hours) 11,500 I'm doing the straight-line method for a particular question I asked earlier, I'm noticing that the depreciation expense isn't equal to the asset’s depreciable amount (When I multiply the Depreciable Amount x Depreciation Rate, 100/4 = 25%).  I did all the steps, $134,400 - $12,500 = $121,900 (Depreciable Amount) $121,900/4 = $30,475 (Annual Depreciation Expense). Year Depreciation   x Amount Depreciation Rate           = Depreciation Expense Accumulated Depreiciation Carrying Amount 2023 $121,900 25% 30,475     2024 121,900 25% 30,475     2025 121,900 25% 30,475     2026 121,900 25% 30,475     2027 121,900 25% 30,475

General Accounting question

financial account

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

What is the result of this disposal transaction?

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Use the following to answer questions 20 - 22 AJ Construction is in the process of closing its operations. It sold its five-year-old Caterpillar 279C Compact Track Loader for $100,000. The loader originally cost $180,000 and had an estimated useful life of 10 years and an estimated residual value of $40,000. The company uses straight-line depreciation for all equipment. 20. $ loader at the end of the fifth year. Calculate the book value of the 21. $ What was the gain or loss on the sale of the loader at the end of the fifth year; (if loss, put – in front of your answer). 22. Record the sale of the loader at the end of the fifth year.

A fixed asset with a cost of $31,365.00 and accumulated depreciation of $28,228.50 is sold for $5,332.05. What is the amount of the gain or loss on disposal of the fixed asset? Select the correct answer. $3,136.50 loss $2,195.55 loss $2,195.55 gain $3,136.50 gain

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A truck costs $82,000 when new and has accumulated depreciation of $70,000. Suppose Frank Towing exchanges the truck for a new truck. The new truck has a market value of $79,000, and Frank pays cash of $52,000. Assume the exchange has commercial substance. What is the result of this exchange? OA. No gain or loss OB. Gain of $15,000 OC. Gain of $67,000 OD. Loss of $15,000