A printer cost $95,000 when new and has an accumulated depreciation of $70,000. If the business discards this plant asset, the result is _. Right Answer
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A printer cost $95,000 when new and has an accumulated depreciation of $70,000. If the business discards this plant asset, the result is _. Right Answer
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- A company purchased computers for $200,000. The installation charge of the computer was $10,000. Initially, the declared salvage value was $40,000. However, the company decided to sell the computer in the middle of 3rd year because of changing production plan. Fortunately, another company agreed to buy that computer for $50,000. Determine the gain or loss, if MACRS depreciation is used. Dont use excelGive correct result for this questionPlease give me correct answer the accounting question
- Please don't give images in Solutions thank youPlease help me with this question: Holmes Packaging sold a machine for $49,500. The company bought this machine for $120,000 seven years ago and was depreciating it on a straight-line basis over ten years to a $12,000 salvage value. What is the gain (loss) that Holmes Packaging should report?Please don't provide answer in image format thank you.
- Help me selecting the right answer. Thank youplease try to answer it correctly. The other picture is an example of same question but diffrent numbers. Use it to have correct answer.New Morning Bakery is in the process of closing its operations. It sold its two-year-old bakery ovens to Great Harvest Bakery for $700,000. The ovens originally cost $910,000, had an estimated service life of 10 years, had an estimated residual value of $60,000, and were depreciated using straight-line depreciation. Complete the requirements below for New Morning Bakery. Required: 1. Calculate the balance in the Accumulated Depreciation account at the end of the second year. 2. Calculate the book value of the ovens at the end of the second year.3. What is the gain or loss on the sale of the ovens at the end of the second year? 4. Record the sale of the ovens at the end of the second year.