The following information was disclosed in the financial statements of Highfield Co for the year ended 31/12/2015. 2014 2015 Plant &Equipment cost Accumulated Depreciation 255,000 (100,000) 235,000 (110,000) During 2015, the following occurred in respect of Plant & Equipment: Purchases of P&E Depreciation charged on P&E Loss on disposal of P&E 10,000 25,000 8,000 What were the sales proceeds received on disposal of the P&E? A. O 8,000 B. O $25,000 C. $15,000 D. $7,000

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Q: if a firms expense equal or exceed it's revenue what actio might management take

A: Explanation is given below,

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Q: what are some pros and cons of holding high level of current assets in relation to sale?

A:

Q: Which items comprise operating current assets? Why is itreasonable to assume that they grow…

A: Operating current assets are the short-term assets utilized to promote a business's processes

Q: Under what circumstances should sellers consider the time value of money when recognizing revenue?

A:

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Q: What is the DuPont method of analysis and how does it break down return on assets

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Q: When disposing of an available-for-sale investment, where is the gain or loss on disposal reported…

A:

Q: Depreciation expense is used to

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Q: What is a lump-sum purchase, and how is it accounted for?

A:

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