A photocopier cost $98,000 when new and has accumulated depreciation of $95,000. If the business discards this

Fantastic news! We've Found the answer you've been seeking!

Question:

A photocopier cost $98,000 when new and has accumulated depreciation of $95,000. If the business discards this plant asset, the result is _______

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

See More Books

Posted Date: May 23, 2019 12:11 AM

See More Questions

A firm provides three services (A, B andC). Customers enter at the rate of then they select to obtain either service A, B or service C. Currently, customers per hour and choose service A 20 10% 30%...
A copy machine cost $38,000 when new and has accumulated depreciation of 34000. Suppose Sun Graphics and Design Centers sold the machine for 4000. What is the result of the disposal transaction?
A copy machine costs $45,000 when new and has accumulated depreciation of $44,000. Suppose Print and Photo Center junks this machine and receives nothing. What is the result of the disposal...
A factor used in measuring the loudness sensed by the human ear is (I/I 0 ), 0.3 where I is the intensity of the sound and I 0 is a reference intensity. Evaluate this factor for I = 3.2 10 6 W/m 2...
FASB ASC 450 addresses accounting for loss contingencies, including those that represent a right to proceed against an outside party in the event that the guarantor is called upon to satisfy the...
Prepare the 2015 combined common-size, common-base year balance sheet for Just Dew It. Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Use this information...
Consider two alternatives, each of which will accomplish the same EPA-mandated pollution control. Using an incremental IRR analysis, determine the preferred alternative assuming MARR is 20...
The comparative balance sheet of Whitman Co. at December 31, 2014 and 2013 is as follows: The noncurrent asset, noncurrent liability, and stockholders equity accounts for 2014 are as follows:...
It took 6 seconds for the sound of a whistle to reach an observer 5400 feet away from the whistle. At what rate did the sound travel in feet per minute?
December 31, 2014, trial balances for Pledge Company and its subsidiary Stom Company follow: Pledge Company purchased 72,000 shares of Stom Company's common stock on January 1, 2011, for $300,000. On...
What do you think are the current impacts of AI on healthcare, finance, retail, manufacturing, and government?
An equipment acquisition proposal is being considered by a large healthcare organization, XYZ Health Care. The array machine will enable the hospital to perform autoimmunity tests (for...
Amazon is the world's leading online retailer and it's success has spurred other physical,brick,and mortar retailers to have an online presence. It is often referred to as the online equivalent of...
Here's the details of Lhean Lim's Citibank credit card statement: Current statement date October 8, 2020 Next statement date November 8, 2020 Previous balance Php 80,000.00 Payment due date October...
The dead-weight loss from an excise tax a. is greater if demand is perfectly inelastic. b. is caused by a shift in consumer preferences when the tax is raised. c. is the lost surplus that results...
As the nations leading consumer electronics retailer, Best Buy is trying to be the best. But thats not been easy in light of the challenges its facing in the external environment. Like many other...
Linkages Among Financial Decisions, Return, Risk, and Stock Value for IBM The success of a company depends on its ability to make sound financial decisions that yield favorable returns while...
Independent random samples of sizes n1 = 30 and n2 = 50 are taken from two normal populations having the means 1 = 78 and 2 = 75 and the variances 21 = 150 and 22 = 200. Use the results of Exercise...
Sporting Company is considering three investment opportunities X, Y and Z. Straight-line depreciation will be used in each case, and the salvage value will be received at the end of the life of the...
The net income per books of Adamson Company was determined without knowledge of the errors indicated below. Instructions Prepare a worksheet to show the adjusted net income figure for each of the 6...
The book basis of depreciable assets for Erwin Co. is $900,000, and the tax basis is $700,000 at the end of 2013. The enacted tax rate is 34% for all periods. Determine the amount of deferred taxes...
Identify the lease classifications for lessors and the criteria that must be met for each classification.
You invest $27,000 in a corporate bond selling for $900 per $1,000 par value. Over the coming year, the bond will pay interest of $75 per $1,000 of par value. The price of the bond at the end of the...
You invest $1 million at the beginning of 2025 in an S&P 500 stock-index fund. If the rate of return in 2025 is 40%, what rate of return in 2026 will be necessary for your portfolio to recover to its...
Using the annual returns for years 35 in Spreadsheet 5.2: a. Compute the arithmetic average return. b. Compute the geometric average return. c. Compute the standard deviation of returns. d. Compute...

A photocopier cost $98,000 when new and has accumulated depreciation of $95,000. If the business discards this

Question:

Expert Answer:

A photocopier cost 98000 when ... View the full answer

Intermediate Accounting

Students also viewed these accounting questions