The entry to record the sale of equipment costing $40,000, with accumulated depreciation of $34,000 and sale price of $7,700, will include
A) a gain on sale of equipment of 1,700.
B) a gain on sale of equipment of 7,700.
C) a loss on sale of equipment of 32,300.
D) a loss of sale of equipment of 26,300.
A
You might also like to view...
Which layout of the Likert scale options has research shown to produce inflated (more positive) results?
a. horizontal ascending order b. horizontal descending order c. vertical ascending order d. vertical descending order
Cadot Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process400 Percent complete with respect to materials90%Percent complete with respect to conversion70% Units started into production during the month18,000 Work in process, ending: Units in process600 Percent complete with respect to materials80%Percent complete with respect to conversion40% Required:Using the weighted-average method, determine the equivalent units of production for materials and conversion costs.
What will be an ideal response?
An online journal in which people or companies post their thoughts and other content is referred to as a white paper.
Answer the following statement true (T) or false (F)
The Equal Pay Act and other federal laws prohibit employers from engaging in gender-based wage discrimination
Indicate whether the statement is true or false