On January 1, 2020, tOn January 1, 2020, the Accumulated Depreciation—Machinery account of Klopp, Inc. showed a balance of $703,000. At the end of 2020, after the adjusting entries were posted, it had a balance of $693,000. Depreciation expense for 2020 was $72,000. During 2020, one of the machines was sold for $53,000 cash. This resulted in a gain of $4,000. Assuming that no other assets were disposed of during the year, what is the original cost of the machine sold in 2020

The leading producer of cell phone backup batteries, jumpstart, has achieved great success because they produce high-quality battery backups that are not too expensive. even so, another company that produces lower-quality batteries at the same price has also achieved some success, but not as much as jumpstart. also, in general, the price of backup batteries has declined because of economies of scale and learning. in addition, jumpstart has added complementary assets, such as a carrying case. considering all of these factors, the backup battery industry is most likely in the introduction stage. growth stage. shakeout stage. maturity stage.

Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability