subject
Business, 07.05.2021 19:20 brown62

Hamilton, Inc. owned a building that was destroyed in a fire on August 1, 2019. The building had a cost of $400,000 and accumulated depreciation of $150,000 as of the date of the fire. The company received insurance proceeds of $450,000 for the building and used that money plus additional funds to purchase another building for $500,000. Which of the following would be included in the journal entries to record the above transactions?
a. Debit - Building $100,000
b. Credit - Gain $200,000
c. Debit - Loss $250,000
d. Credit - Building $450,000

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 11:10, addsd
Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.
Answers: 1
image
Business, 22.06.2019 11:50, chas8495
True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.
Answers: 2
image
Business, 22.06.2019 21:50, sippincoronas
Q3. loral corporation manufactures parts for an aircraft company. it uses a computerized numerical controlled (cnc) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of ± 0.020 inch. the cnc process that manufactures these parts has a mean of 1.285 inches and a standard deviation of 0.005 inch. compute the process capability ratio and process capability index, and comment on the overall capability of the process to meet the design specifications.
Answers: 1
image
Business, 22.06.2019 23:00, jcrowley9362
How is challah bread made? if i have to dabble the recipe?
Answers: 1
You know the right answer?
Hamilton, Inc. owned a building that was destroyed in a fire on August 1, 2019. The building had a c...

Questions in other subjects:

Konu
Geography, 29.01.2021 19:20
Konu
Mathematics, 29.01.2021 19:20
Konu
Mathematics, 29.01.2021 19:20
Konu
Mathematics, 29.01.2021 19:20
Konu
Mathematics, 29.01.2021 19:20