A vehicle costing 20m and having accumulated depreciation of 12m was sold for 5m. How will this
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
All the amounts are in million Cost of vehicle 20 Accumulated depreciation of ...View the full answer
Answered By
Khurram shahzad
I am an experienced tutor and have more than 7 years’ experience in the field of tutoring. My areas of expertise are Technology, statistics tasks I also tutor in Social Sciences, Humanities, Marketing, Project Management, Geology, Earth Sciences, Life Sciences, Computer Sciences, Physics, Psychology, Law Engineering, Media Studies, IR and many others.
I have been writing blogs, Tech news article, and listicles for American and UK based websites.
4.90+
5+ Reviews
17+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Selected financial statements for Ralston Company, a sole proprietorship, are as follows: Additional Information: a. During 2014, equipment having accumulated depreciation of $4,500 was sold for a...
-
Selected financial statements for Ralston Company, a sole proprietorship, are as follows: Balance Sheet as of December 31, 2016 Assets: Cash.......................................................$...
-
(Multiple Choice Question) 1. Miga Company and Porter Company both bought a new delivery truck on January 1, 2008. Both companies paid exactly the same cost, $30,000, for their respective vehicles....
-
There were no other non-current assets acquisitions or disposals. A dividend of 150m was paid on ordinary shares during the year. Required a) Prepare a cash flow statement for Blackheath plc for the...
-
The uniform bar AB has weight W. If the attached spring is unstretched when = 90 deg, use the principle of potential energy and determine the angle for equilibrium. Investigate the stability of the...
-
An airplane is flying through a thundercloud at a height of 2 000 m. (This is a very dangerous thing to do because of updrafts, turbulence, and the possibility of electric discharge.) If a charge...
-
The square plate ABCD is deformed into the shape shown by the dashed lines. If DC has a normal strain x = 0.004, DA has a normal strain x = 0.005, and at D, Y xy = 0.02 rad, determine the shear...
-
Barga Co. reported net sales for 2014 and 2015 of $730,000 and $1,095,000, respectively. Its year-end balances of accounts receivable follow: December 31, 2014, $65,000; and December 31, 2015,...
-
Suppose that a person has an average heart rate of 62.0 beats/min. How many beats does he or she have in 1.0 y? Incorrect not valid decimal or scientific notation. In 1.00 y?
-
1. What action should Leroy Washington take in response to Carol McCalmonts and Janet Webers actions? Should McCalmonts be granted a raise even though she hadnt completed her self-evaluation? 2....
-
The equipment at cost account at the start of Year 2 records a total of 34m. The equipment at cost account at the end of Year 2 records a total of 37m. An asset of original cost 5m was sold during...
-
The share capital account increased by 40m during Year 4. The share premium reserve increased by 20m. What amount of cash was raised by the issue of shares?
-
Find all the second partial derivatives of f(x, y) = xe xy .
-
Stock transactions for Careful Driving School, Inc. follow: Journalize the transactions. Mar. 4 May 22 Sep. 22 Oct. 14 Issued 27,000 shares of $1 par value common stock at $10 per share. Purchased...
-
When should a consumer market be segmented geographically?
-
The main categories of cash flow activities on the statement of cash flows are a. direct and indirect. b. current and long-term. c. non-cash investing and financing. d. operating, investing, and...
-
What are the main drawbacks of questionnaires?
-
Which part of the AIDA model does personal selling best achieve?
-
When a company that has $5 million in current assets and $3 million in current liabilities pays $1 million of its accounts payable, its current ratio will. a. Increase. b. Decrease. c. Remain...
-
Identify the tax issues or problems suggested by the following situations. State each issue as a question. Jennifer did not file a tax return for 2007 because she honestly believed that no tax was...
-
Explain why companies should avoid overstatement of assets or understatement of liabilities?
-
Explain why companies should avoid overstatement of assets or understatement of liabilities?
-
Explain why companies should avoid overstatement of assets or understatement of liabilities?
-
York's outstanding stock consists of 80,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of...
-
Hudson Community College enrolls students in two departments, Liberal Arts and Sciences. The college also has two service departments, the Library and the Computing Services Department. The usage of...
-
Robert is designing a new Active Directory Domain Services infrastructure for a company called Litware, Inc., which has its headquarters in New York and two additional offices in London and Tokyo....
Study smarter with the SolutionInn App