Funseth farms inc. purchased a tractor in 2013 at a cost of $30,000. the tractor was sold for $3,000 in 2016. depreciation recorded through the disposal date totaled $26,000. required: 1. prepare the journal entry to record the sale. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Explanation:

The journal entry is shown below:      

Cash or Bank A/c Dr. $3,000

Loss on sale of Tractor A/c Dr. $1,000

                    To Tractor A/c  $4,000     ($30,000 - $26,000)

(Being the sale of a tractor is recorded)

We know that

The book value = Purchase value of tractor - accumulated depreciation

                        = $30,000 - $26,000

                        = $4,000

And, the sale value of a tractor is $3,000

So, it would be a loss of $1,000

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

answer; the nav calculated at the market close at 4: 00 pm new york time;