Business, 19.11.2019 01:31 mikehager4321
Equipment costing $276000 was destroyed when it caught on fire. at the date of the fire, the accumulated depreciation on the equipment was $103000. an insurance check for $325000 was received based on the replacement cost of the equipment. the entry to record the insurance proceeds and the disposition of the equipment will include a
a. credit to the equipment account of $16.
b. credit to the accumulated depreciation accou eunt for $1.
c. gain on disposal of $14.
d. gain on disposal of $4.
Answers: 1
Business, 21.06.2019 22:50, kyliegriffis
He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800
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Business, 22.06.2019 17:50, hinokayleen5053
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Business, 22.06.2019 20:30, joaquin42
Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e. g.
Answers: 3
Equipment costing $276000 was destroyed when it caught on fire. at the date of the fire, the accumul...
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