User Account

All Pages

What is the balancing adjustment amount

Assignment Help Accounting Basics
Reference no: EM132621776

Question - Leo Pty Ltd sells a printing press which has been used solely for income-producing purposes. The termination value of the press is $15000 and its cost was $42500. At the time of sale, the computer's adjustable value is $9000.

Required - What is the balancing adjustment amount in respect of the sale?

a. $42500

b. $0

c. $6000

d. $15000

Reference no: EM132621776

Questions Cloud

How much will Ms Alexa include in her assessable income : How much will Ms Alexa include in her assessable income in relation to the dividend received
Implementing new inter organizational system : You are a member of the Human Resource Department of a medium-sized organization that is implementing a new inter organizational system
Compute the Helen taxable income for the current tax year : Helen is single and has the appropriate private hospital cover. Compute the Helen's taxable income for the current tax year
Discuss usage of big data in radical platforms : Discuss the usage of big data in RADICAL platforms including how big data analytics is used in those situations as well as with Smart Cities.
What is the balancing adjustment amount : The termination value of the press is $15000 and its cost was $42500. What is the balancing adjustment amount in respect of the sale
Describe significant clinical issue : Describe a Significant Clinical Issue. Please review a current literature and provide an article that relates to the topic.
Reflecting on your internship : Reflecting on your internship and how it related to your executive masters program at New England College. What was best and worst parts of overall experience?
Explain the behaviors observed using an appropriate theory : Milan Enterprises is a Fast moving goods manufacturing company (FMCG). Explain the behaviors observed above using an appropriate theory
What is optimal number of orders to be placed in the year : Desired stock level is 1500 units. This stock level was in hand initially. What is optimal number of orders to be placed in the year

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