Business, 07.12.2021 14:00 cathydaves

ANDERS COMPANY Comparative Balance Sheets
2021 2020
Plant assets
Equipment $ 180,000 $ 270,000
Accum. Depr.—Equipment (100,000 ) (210,000 )
Equipment, net $ 80,000 $ 60,000
Buildings $ 380,000 $ 400,000
Accum. Depr.—Buildings (100,000 ) (285,000 )
Buildings, net $ 280,000 $ 115,000
During 2021, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000.
How much depreciation expense was recorded on equipment during 2021?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:00

According to maslow's hierarchy of needs theory, which of the following would be an issue that requires the fulfillment of a lower order need? a)the need for a challenging project at work. b)the need for a promotion at work.c) the need to locate your business in an area with a low crime rate. d)the need for a mentor to you ascend within the company. none of the above

Answers: 3

Answer

Business, 22.06.2019 11:10

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

Answers: 1

Answer

Business, 22.06.2019 15:20

Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?

Answers: 2

Answer

Business, 22.06.2019 19:00

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.

Answers: 2

Answer

You know the right answer?

ANDERS COMPANY Comparative Balance Sheets
2021 2020
Plant assets
Equipment $ 180...

Questions