A company sold office furniture costing $12,700 with accumulated depreciation of $10,150 for $2,200 cash. The entry to record the sale would include a gain or loss of what amount?
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A company sold office furniture costing $12,700 with
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- Chalamet Co. sold office furniture costing $15,600 with accumulated depreciation of $12,400 for $2,900 cash. The entry to record the sale would include a gain or loss of what amount?Atlas Interiors sold office equipment costing $15,800 with accumulated depreciation of$12,400 for $2,600 cash. The entry to record the sale would include a gain or loss of what amount?Atlas Interiors sold office equipment costing $15,800 with accumulated depreciation of$12,400 for $2,600 cash. The entry to record the sale would include a gain or loss of what amount? Answer
- Please give correct answerWhat amount?Un Company sold office equipment with a cost of $42,880 and accumulated depreciation of $39,583 for $5,010. Required What is the book value of the asset at the time of sale? What is the amount of gain or loss on the disposal? How would the sale affect net income (increase, decrease, no effect) and by how much? How would the sale affect the amount of total assets shown on the balance sheet (increase, decrease, no effect) and by how much? How would the event affect the statement of cash flows (inflow, outflow, no effect) and in what section?
- bhaveshUn Company sold office equipment with a cost of $39,000 and accumulated depreciation of $34,976 for $6,200 Required a. What is the book value of the asset at the time of sale? b. What is the amount of gain or loss on the disposal? c. How would the sale affect net income (increase, decrease, no effect) and by how much? d. How would the sale affect the amount of total assets shown on the balance sheet (increase, decrease, no effect) and by how much? e. How would the event affect the statement of cash flows (inflow, outflow, no effect) and in what section? a b C d C Book value Gain (loss) on sale Net income would Total assets would Effect Section by byAnswer full question.
- Un Company sold office equipment with a cost of $42,960 and accumulated depreciation of $39,803 for $5,640. a. what is the book value of the asset at the time of sale b, what is the amount of gain/loss on the disposal c. how would the sale affect net income and by how much d. how would the sale affect the amount of total assets shown on the balance sheet e. how would the event affect the statements of cash flowsKindly help me with accounting questionsI need help with this general accounting question using standard accounting techniques.