Cooper industries had a piece of equipment that cost $56,000 and had accumulated depreciation of $23,000.requirement: 1. record the dispostion of the equipment assuming the following independent situations: a. cooper discarded the equipment, receiving $0.b. cooper sold the equipment for $34,500c. cooper traded the equipment in on a new piece of equipment costing $62,000. cooper was granted a $33,500 trade-in allowance for the old equipment and paid the difference in cash. d. cooper traded the equipment in on a new piece of equipment costing $52,000. cooper was granted a $28,000 trade-in allowance for the old equipment and signed a note payable for the differencetemplate for the answers suppose to look likejournal entryaccounts debit creditoptions for account name (accumulated depreciation, cash, depreciation expense, equipment, gain on disposal equipment, loss on disposal equipment and note payable

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be: