Shocker Associates sold office equipment for cash of $162,000. The accumulated depreciation at date of sale amounted to $123,000, and a gain of $16,000 was recognized on the sale. The original cost of the asset must have been:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Shocker Associates sold office equipment for cash of $162,000. The accumulated depreciation at date of sale amounted to $123,000, and a ...” 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
Interior Design Group is an all equity firm that has 40,000 shares of stock outstanding. The company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares.
Answers (1)
The gift from Rebecca Smith (see previous question) earned $50,000 this year. The city council decides that these resources should be used to construct new sand volleyball courts for public use.
Answers (1)
Server "A" is a member of an NLB cluster. Server "A" is scheduled for routine maintenance that requires the server to be taken offline.
Answers (1)
When a customer is upset, candace will often speak with the customer herself so the customer will feel camp bow wow takes the issue seriously. in these situations, candace is fulfilling the role of management, which is part of the component?
Answers (1)
Emigh Corporation's cost of goods manufactured for the just completed month was $146,000 and its overhead was overapplied by $5,000. The beginning finished goods inventory was $35,000 and the ending finished goods inventory was $37,000.
Answers (1)
New Questions in Business
Loss leaders are poorly managed retail companies of outlets. true or false.
Answers (2)
Group Sky Corporation has 6.5 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 102 percent of par. What is the current yield
Answers (1)
Digby has a roe of 0.24 (roe = net income/equity). that means:
Answers (1)
If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the monetary base? Assume that the required reserve ratio on checkable deposits is 10% and banks do not hold any excess reserves.
Answers (1)
During the Great Depression, consumer spending was higher than ever in history. Question 10 options: True False
Answers (2)