Chapter 3.4, Problem 3AYU

Please provide the answer to this general accounting question using the right approach.

Can you explain this general accounting question using accurate calculation methods?

Subject general accounting

Crystal Tech Inc. Sold machinary with a cost of $30,000 and accumulated depreciation of $12,000 for an amount that resulted in a gain of $4,000.

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. MCQ

General accounting

A firm has net working capital of $1,450, net fixed assets of $5,220, sales of $12,750, and current liabilities of $1,880. How many dollars worth of sales are generated from every $1 in total assets? a. $2.92 b. $1.49 c. $2.36 d. $1.50 e. $1.37 HELP

Financial Accounting Question please answer

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