On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The company found a company that is willing to buy the equipment for $55,000. What is the amount of the gain or loss on this transaction?
A) Cannot be determined
B) No gain or loss
C) Gain of $25,000
D) Gain of $55,000
C
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Quantitative data can be mapped using correspondence analysis
Indicate whether the statement is true or false
You are evaluating a sales training program. You are investigating the following three dimensions in your evaluation. You also want to use the Success Case Method (SCM), so you plan to conduct a SCM-based survey. For which one of the three dimensions should you conduct the SCM-based survey? (information in the parentheses indicates the category of the training impact model)
a. Training materials: How well are the training materials designed to help the trainees (sales people) practice new skills? (resources) b. Managerial support: How much incentive and support from management did the trainees (sales people) receive for using new skills? (activities) c. Knowledge gained: Did the trainees (sales people) learn the new sales techniques? (program capabilities) d. Customers’ reaction: How did the customers react to the new approach that the trainees (sales people) used? (key results)
A fixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar asset priced at $50,000. Assuming a trade-in allowance of $4,000, the cost basis of the new asset is
A) $54,000 B) $45,000 C) $51,000 D) $50,000
Which of the following is a benefit for management that results from union-management partnerships?
A. More decision-making opportunities B. More responsibility C. More credibility D. Lower costs E. Less supervision