User Account

All Pages

What amount of gain or loss will be recognized

Assignment Help Accounting Basics
Reference no: EM133189340

Question - An asset that costs $21,000 and has accumulated depreciation of $7,000 is sold for $12,700. What amount of gain or loss will be recognized when the asset is sold?

Reference no: EM133189340

Questions Cloud

Record the retirement of bonds : Bianca Capital issued 500, $1,000 convertible bonds at 103. Each bond will be converted to 10 common shares. Record the retirement of bonds
Journalize the entries to record the january transactions : On January 22, Zentric Corporation issued for cash 263,000 shares of no-par common stock at $25. Journalize the entries to record the January transactions
What the book value per share of common stock : Common stock, $4 par value; authorized, 640,000 shares; issued and outstanding, 384,000 shares $ 1,536,000. What the book value per share of common stock
Explain how you will engage in collaborative practice : What feelings and thoughts have been aroused by thinking about this problem or issue as you complete this assignment - How have they contributed to the problem
What amount of gain or loss will be recognized : An asset that costs $21,000 and has accumulated depreciation of $7,000 is sold for $12,700. What amount of gain or loss will be recognized
Explain five options for controlling risk : Explain five options for controlling risk, Outline the key steps involved in a risk management process
Prepare the journal entry to record the sale : Martinez Company sold a machine for $80,000. The old machine cost $95,000 and had a book value of $60,000. Prepare the journal entry to record the sale
Calculate the cost of not taking a cash discount : The Reynolds Corporation buys from its suppliers on terms of 2/19, net 50. Calculate the cost of not taking a cash discount
What is the likely stock price and earnings per share : The stock price before the split is $200. The firm has earnings per share of $20 before the split. What is the likely stock price and earnings per share

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd