Sage Hill Inc. recorded a loss of $8,300 when it sold a van that originally cost $90,000 for $13,400. Accumulated depreciation on the van must have been: a) $21,700. b) $68,300. c) $84,900. d) $81,700.
Q: solve please answer
A: Let's break this down step by step.Given Information:Initial fixed asset investment =…
Q: Please help don't use ai
A: Approach to solving the question: Operating Cash Flow Detailed explanation: Examples: Key…
Q: Please help me to solve this question
A: Step 1: What is Bonds:Bonds are securities issued to generate funds, and their owner or issuer…
Q: need correct answer
A: To prepare a single, continuous multiple-step statement of comprehensive income for Duke Company for…
Q: Tent Master produces Pup tents and Pop-up tents. The company budgets $276,000 of overhead cost and…
A: 1. Compute an activity rate for each activity using activity-based costing (ABC).The formula for…
Q: None
A: To determine the finance charge on Rachel's loan, we can use the following steps:Calculate the total…
Q: Bramble Inc. had the following condensed balance sheet at the end of operations for 2024. Bramble…
A: Cash Flows from Operating Activities Net Income 30,000Adjustments: Depreciation Expense 13,600…
Q: None
A: Detailed explanation: 2022 2021 1a. Total Assets40,321million 1b. Total Stockholders'…
Q: What is the ending inventory?
A: Step 1: Define Ending InventoryEnding inventory refers to the goods not sold during the period, and…
Q: Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following…
A: First, we need to identify the months with the highest and lowest number of sales orders. From the…
Q: Please help me solve this question
A: To calculate the number of equivalent units of production for conversion costs using the First-In,…
Q: Time left Alpha SE, a wholesale company, uses the FiFo (First in First out) method for the valuatio…
A: Step 1: Step 2: Step 3: Step 4:
Q: not use ai please
A: Step 1: To compute Western Corporation's federal taxable income and regular tax liability, we'll…
Q: Jill Connor is employed as a salesperson in the men's department of Fashion Line. In addition to her…
A: Step 1: Introduction to accountingAccounting is defined as the process of recording business…
Q: needed help please provide help with this question
A: Step 1: Definition of Plant Assets:Plant assets are acquired by a business entity in order to obtain…
Q: None
A: To prepare a comparative common-size income statement for McClane Designs, Inc. using the given 2025…
Q: Give true answer with calculation
A: Step 1: The formula to calculate the total return is: Total return=Beginning NAV(Ending…
Q: neeed answer
A: To solve this problem, we need to understand how absorption costing and variable costing impact net…
Q: not use ai please
A: 1. Yummy Snack Foods received cash from the issuance of common stock to stockholders.This…
Q: the taxpayer owns an interest in a partnership that issued them a 1065 K-1 , they do not actively…
A: The first statement is true. Royalties received by the partnership and reported on the partner's…
Q: 2
A: The company's inventory should be reported on the balance sheet at the lower of cost or market…
Q: None
A: To determine the eligibility for the Child Tax Credit and Other Dependent Credit, we'll consider the…
Q: neeed correct ✅
A: Part A: Prepare Brownlee Catering's Balance Sheet at September 30, 2015First, we need to complete…
Q: None
A: Solution:We know WACC, Re, Rd, and T. We need to find D/E, which is the debt-equity ratio.Let's…
Q: 14. Is the following statement correct regarding exclusions or deductions. A. an HSA contribution…
A: Before we can answer the question, we need to understand the terms used. A deduction is an amount…
Q: Prblm
A: Step 1:Calculate the Net Present Value (NPV)To calculate the NPV, we need to discount each of the…
Q: Need answer this question
A: Step 1: Introduction to the Debt SecuritiesIf the entity intends for its debt security to be held…
Q: Need correct answer
A: Part 1: Operating Cash Flow for Blue Sky AirlinesTo calculate the operating cash flow, use the…
Q: Riggins Trucking, Inc. has a current stock price of $41. For the past year, the company had a net…
A: Part A)To calculate the Price-Sales Ratio (P/S ratio) for Riggins Trucking, Inc., we use the…
Q: Do not use ai
A: Step 1: Define Labor VarianceDirect labor variance is an outcome of the difference between the…
Q: 12
A:
Q: None
A: To record the purchase of equipment along with the related expenditures, you'll need to make the…
Q: Hi expart give correct answer
A: Step 1: Introduction to the LeasedA lease is when an individual or a company takes over the rights…
Q: Strictly no Ai use otherwise downvote
A: References:https://courses.lumenlearning.com/suny-finaccounting/chapter/impacts-of-inventory-errors-…
Q: Pets Inc. launches a new advertising promotion where, for each purchase over $30, it offers a coupon…
A: Part b: Journal Entry for Revenue RecognitionTo record the journal entry, the revenue needs to be…
Q: 1 The following information comes from the 2024 Annual Report to stockholders of Composition…
A: Detailed explanation: 20232024Average Cost Per Share122,906 / 6,668 share = $ 18.4348,678 / 2,933…
Q: Taxation sars Describe what an ‘ITA34’ is.
A: for further discussion and description, the ITA34 shows a taxpayer if they owe SARS money or have a…
Q: Need help with this question
A: Step 1: Define FIFO Inventory Method For Equivalent UnitsProcess costing techniques are used to…
Q: Solve the problem
A: Question: 1Explanation of Discounted Payback Period (DPBP): The DPBP is the time it takes for the…
Q: Need answer
A: Step 1: Define Contribution Margin Analysis:When the income statement of a firm is prepared by using…
Q: Calculate the missing amounts (?) for CXJ for 2021 and other required amounts.…
A: Step 1:Calculation of Stockholder's Equity on 1/1/2021Stockholder's Equity is the total of capital…
Q: Hi expart Provide correct answer
A: Step 1: Define FIFO Method for Equivalent UnitsThe process costing methods such as weighted average…
Q: not use ai please
A: We need to understand the accounting principle used when recording assets in a partnership…
Q: Consider the table shown below to answer the question posed in part a. Parts b and c are independent…
A: Part b: Interest Rate for Catalytic Concepts' BondThis question requires referring to Table 2.2,…
Q: I want to correct answer
A: Explanation of Asset Turnover:Asset turnover is a financial ratio that measures the efficiency with…
Q: Provide answer
A: Explanation of Direct Materials:Direct materials refer to the raw materials that are directly…
Q: I want to answer this question
A: The Price-to-Earnings (P/E) ratio is a simple way to understand how much investors are willing to…
Q: Solve this issue
A: Step 1: Introduction to the Activity-Based CostingActivity-based costing (ABC) is significant in…
Q: Casey Na's average workweek during the first quarter of the year (13 weeks) was 44 hours. As part of…
A: Step 1: Overtime hours per weekCasey works an average of 44 hours per week.A standard workweek is 40…
Q: Hello Expert Please Provide Solution
A: Step 1: Define Joint cost:When two commodities are produced or bought at the same point in time, it…
Hi expart Provide solution


Step by step
Solved in 2 steps

- A copy machine cost $78,000 when new and has accumulated depreciation of $72,000. Suppose Print and Photo Center sold the machine for $6,000. What is the result of this disposal transaction? A. No gain or loss B. Gain of $1,000 C. Loss of $1,000 D. Loss of $44,000A copy machine cost $95,000 when new and has accumulated depreciation of $83,000. Suppose Pinnacle Office Supplies sold the machine for $14,000. What is the result of this disposal transaction? A. No gain or loss B. Gain of $2,000 C. Loss of $1,000 D. Loss of $44,000What is the result of this disposal transaction?
- A machine with a cost of $176,000 and accumulated depreciation of $108,000 is sold for $58,400 cash. The amount of the loss related to the sale of this machine should be reported in the operating section under the indirect method is: $86,900. $9,600. $14,100. $28,500. $5,840.SSG bought a machine for $40,000 in January 19W8. The machine had an expected useful life of six years and an expected residual value of $10,000. The machine was depreciated on the straight-line basis. In December 20X1, the machine was sold for $15,000. The company has a policy in its internal accounts of combining the depreciation charge with the profit or loss on disposal of assets. The total amount of depreciation and profit/loss charged to the internal income statement over the life of the machine was $ ........................................Podey Company has a machine that originally cost $20,000, has accumulated depreciation of $14,000 at the beginning of the current year, and is being depreciated at $2,000 per year with the straight-line method. If the company sells the machine for $2,400 on September 30, it will recognize a loss on disposal of $2,100. gain on disposal of $2,400. loss on disposal of $3,600. gain on disposal of $3,600.
- A delivery van cost $64,280 when purchased and has a $58,950 balance in the accumulated depreciation account. If the van is discarded we will record____. (1) loss on disposal, $5,330. (2) gain on disposal, $3,000. (3) no gain or loss because it was discarded. (4) loss of $50,000. MCQWhat is the result of this disposal transaction?Can you please answer the general accounting question?
- On January 1, 20x6, the Bronze Co. purchased equipment for P300,000. The equipment was being depreciated over an estimated life of 10 years on the straight-line method, with no estimated residual value. On December 31, 20x9, the equipment was sold for P200,000. The historical cost/constant peso statement of profit or loss prepared for the year ended December 31, 20x9 should include how much gain or loss from this sale? *Accumulated depreciation on the equipmentWhat is the result of this disposal transaction on these general accounting question?