Purchased a new piece of equipment for its research lab on January 1, 2015 for $45,200. The equipment is expected to have a useful life of four years after which it will have an expected residual value of $6,100. The company uses the straight-line method and decides to sell the equipment on January 1, 2017 after using the equipment for 2 years. Calculate the gain or loss Chris Company will recognize if the research equipment is sold for $32,200.

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business. the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

What is the equity method balance in the investment in lindman account at the end of 2018?