Blockchain Company (BC) disposed of a machine they owned for cash. It originally cost BC $33,000. The

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

Question:

Blockchain Company (BC) disposed of a machine they owned for cash. It originally cost BC $33,000. The accumulated depreciation at the date of disposal was $28,000. A gain on the disposal of $3,300 was reported. For how much did BC sell the machine?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

See More Books

Posted Date: Apr 18, 2024 06:17 AM

See More Questions

The statement of stockholders' equity for Hammer Corporation follows. Use Hammer Corporation's statement to answer the questions: 1. How much cash did the issuance of common stock bring in during...
The notes from the 2016 annual report for BIG Inc. showed a PP&Ehistorical cost of $6,805 at the end of 2016. At the end of 2015 the PP&E historical cost was $7,327. During 2016, the company...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
A Hydrogen atom has one proton in the nucleus and one electron in the shell. In a classic model of the atom, in a certain state, this electron is in a circular orbit around the nucleus with an...
The compression ratio in an air standard Otto cycle is 8. At the beginning of the compression stroke, the pressure is 101 kPa and the temperature is 289 K. The heat transfer to the air per cycle is...
The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the Year Ended December 3 1 , 2 0 2 4 Net sales $ 3 , 0 2 1 , 0...
The probability that a wafer contains a large particle of contamination is 0.01. If it is assumed that the wafers are independent, what is the probability that exactly 125 wafers need to be analyzed...
Goose Corporation has a basis of $2.4 million in the stock of Swift Corporation, a wholly owned subsidiary acquired 30 years ago. Goose liquidates Swift Corporation and receives assets that are worth...
How does the Agile Manifesto advocate for iterative and incremental development methodologies to enhance adaptability and responsiveness in complex project environments ?
Mr Ramu is a chief operating office of the company and being paid a salary of RM15,625 per month. His percentage portion for Employees Provident Fund contribution is 17%. He intent to buy a car worth...
Consider what you have read and answer the question, "What is my legacy?" Just like the beginning of the term, it's possible that "What do I want my legacy to be?" could be a different answer....
Topic 6 Read MiniCase 6 and MiniCase 7 and answer the questions below: Ron Johnson was hailed as a star executive at Apple, where he led the company's highly successful retail arm. As CEO of...
Aviation delivers strong economic and social benefits, but it can also have detrimental impacts on the environment.We have a critical part to play in driving down emissions and delivering a...
Consider the following cash flows on two mutually exclusive projects with similar risk for the Bahamas Recreation Corporation (BRC). BRC require an annual return of 15 percent. Whic project should...
Complete the tables below Shari Robin Medical Community Hospital-FY-2019 Allocation of indirect Costs by Revenue Revenue by Department Pharmacy Laboratory Surgery Home care Emergency Room department...
Matchpoint company produces 3 types of tennis balls: heavy duty, regular, and extra duty, with a profit contribution of $24, $12, and $36 per gross (12 dozen), respectively. The linear programming...
Aztec Furnishings makes hand-crafted furniture for sale in its retail stores. The furniture maker has recently installed a new assembly process, including a new sander and polisher. With this new...
a. Show that the mean-squared forecast error $E\left[\left(\hat{y}_{T+1}-y_{T+1} ight)^{2} \mid I_{T} ight]$ for a forecast $\hat{y}_{T+1}$, that depends only on past information $I_{T}$, can...
Consider the AR(1) model $y_{t}=\delta+\theta y_{t-1}+e_{t}$ where $|\theta|)=0$ and $\operatorname{var}\left(e_{t} \mid I_{t-1} ight)=\sigma^{2}$. Let \(\bar{y}_{-1}=\sum_{t=2}^{T} y_{t}...
Consider a stationary model that combines the $\operatorname{AR}(2)$ model $y_{t}=\delta+\theta_{1} y_{t-1}+\theta_{2} y_{t-2}+e_{t}$ with an $\mathrm{AR}(1)$ error model \(e_{t}=ho...

Blockchain Company (BC) disposed of a machine they owned for cash. It originally cost BC $33,000. The

Question:

Expert Answer:

To find out how much Blockchain Company BC sold the ma... View the full answer

Intermediate Accounting

Students also viewed these accounting questions