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?
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Chalamet Co. sold office furniture costing $15,600 with
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- Un 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 byCan you please answer the general accounting question?Garcia Co. owns equipment that costs $77,300, with accumulated depreciation of $42,800. 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. $34,500 cash C. $27,000 cash If an amount box does not require an entry, leave it blank
- I am looking for the correct answer to this general accounting question with appropriate explanations.Answer full question.Garcia Co. owns equipment that costs $78,300, with accumulated depreciation of $44,800. 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. $33,500 cash C. $29,000 cash If an amount box does not require an entry, leave it blank. А. С. B.
- Garcia Co. owns equipment that costs $78,300, with accumulated depreciation of $42,800. 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. $35,500 cash C. $27,000 cash If an amount box does not require an entry, leave it blank.The entry to record the gain orloss on the disposal of this equipment would include__.What is the cost of the equipment? Solve this question general Accounting
- What was the gain or loss on the sale of the machinery?Please provide the answer to this general accounting question using the right approach.ABC Company sold a machine for $8,500 that originally cost $16,000. The balance of the Accumulated Depreciation account related to this equipment was $10,300. The entry to record the gain or loss on the disposal of this machine would include: a. A debit to loss in the amount of $3,500. b. A debit to loss in the amount of $6,500. c. A credit to gain in the amount of $2,800. d. A credit to gain in the amount of $2,500.
