On December 31, 2019, Hamilton Inc. sold a used industrial crane for $1,120,000 cash. The original cost of the crane was $5.38 million and its accumulated depreciation equaled $4.39 million on December 31, 2019. What is the gain or loss from the December 31, 2019 equipment sale?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On December 31, 2019, Hamilton Inc. sold a used industrial crane for $1,120,000 cash. The original cost of the crane was $5.38 million and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Seth invested $20,000 in Series EE savings bonds on April 1. By December 31, the published redemption value of the bonds had increased to $20,700.
Answers (1)
Which of the following is an objective of the nbo process? to create value from intellectual capital and to share knowledge to predict the number of customers who will accept an offer to select a choice among a set of available options to connect
Answers (1)
ABC Company bonds are trading on the open market. These bonds mature in 10 years. The coupon rate on the ABC bonds are at 8.50%. The current price of the bonds is $1,062.50. What is the current yield to maturity of these bond
Answers (1)
Positive unplanned inventory investment occurs when actual: a. depreciation is less than expected. b. sales are less than expected. c. depreciation is more than expected. d. sales are higher than expected.
Answers (1)
What is the area of 12 2/3 and 2 1/4 sq in
Answers (1)
New Questions in Business
If the government imposes a minimum wage of $4, then how many workers will be unemployed
Answers (1)
Zully has obtained an SBA loan to start a new business in her town. She has an arrangement with Ford Motor Company to be the exclusive seller of Ford vehicles.
Answers (1)
Joel wants to buy his best friend a home audio system for his birthday. He initially visits a few electronics stores to look at different brands of audio systems and compare their prices.
Answers (2)
Camera Corner is considering eliminating Model AE2 from its camera line because of losses over the past quarter.
Answers (1)
Debeers sells most of the diamonds it produces to industry. the company controls over 90 percent of the market and has great power over its distributors. in its marketing channel, debeers would be considered a:
Answers (1)