Carey Enterprises sold equipment on January 1, 2014 for $10,000. The equipment had cost $48,000. The balance in Accumulated Depreciation at January 1 is $40,000. Requirements: 1. Compute the gain or loss on sale 2. Prepare journal entries to record the sale of the equipment
The sale of an equipment is referred to as disposal of an asset. The required answers are:
1. Gain on disposal = $2000
2. Journal entry for the disposal of the equipment.
Dr Cr
$ $
Cash acct. 10000
Asset 8000
P or L 2000
Disposal of an asset implies the sale of a plant, property, or equipment. This would ensure the recovery of the carrying amount of the item during sale.
1. The gain or loss on sale of the equipment can be determined by deducting its carrying amount from its recoverable amount.
Thus, to determine the gain or loss on disposal;
$'000
Cost 48
Accum. Depreciation 40
Carrying amount 8
Gain or loss on disposal = Selling price - carrying amount
= $10000 - $8000
= $2000
The gain on disposal is $2000.
2. Dr Cr
$ $
Cash acct. 10000
Asset 8000
P or L 2000
For more on disposal of asset, check: https://brainly.com/question/24098024
I just woke up i need help ;-;
Answer:
i think that the correct answer is 7/12
Find the 8th term of the geometric sequence whose common ratio is 3/2 and whose first term is 3
Answer:
51.2578125
Step-by-step explanation:
3 * (3/2)^(8 - 1)
3 *(3/2)^7
51.2578125
a person buys X meter for 5
after, he sells 2/5 of it for 5.5
after, the half of it he sells 6.4
after, the leftovers for 6 and he make 120 profits of this
How much X meters he bought at the first place?
Step-by-step explanation:
I guess, it means every meter costs these amounts.
and the specified costs are not fit the whole bundle.
it is also unclear, if "half of it" means half of the original x meters, or half of the remaining meters (after selling 2/5 of the original meters). I assume the first.
so, we have
-5x
+ 2/5x × 5.5
+ 1/2x × 6.4
+ (10/10 - 4/10 - 5/10)x × 6 = + 1/10x × 6
= 120 ( a income minus costs is the profit, so balancing both sides in a "+" and "-" expression gives us the remaining profit).
about the line with the 1/10 :
the leftovers. 10/10 is the whole x at the beginning.
2/5 = 4/10.
1/2 = 5/10.
I brought all involved fractions to the same denominator of the smallest common multiple of 2 and 5 (10).
in full
-5x + (2/5)x×5.5 + (1/2)x×6.4 + (1/10)x×6 = 120
-5x + 2.2x + 3.2x + 0.6x = 120
-5x + 6x = 120
x = 120
so, he bought 120m in the first place.
If Maria designs a function to predict the amount of revenue, r, generated as a function of the number of people, n, who attend a fundraiser, explain why 13.5 would not be a member of this function's domain?
Answer:
Only whole numbers of people, n, are assumed in the calculation.
Step-by-step explanation:
The function relating the number of people, n, to the revenue, r, implicity assumes that only whole people will purchase tickets. 13.5 would mean that 13 normal people and 1/2 of a person bought tickets. This can't be in the domain, since the ticket saleperson would run away if 1/2 of a person showed up: thus no ticket sale.
Actually, it may depend on how one defines a person. Is it 1/2 physically, or 1/2 mentally? I've personally seen the latter show up at some fundraisers.
6x-7y=7andx-7y=-8 find valve of x and y
Answer:
x = 3, y = 11/7.
Step-by-step explanation:
6x - 7y = 7
x - 7y = -8 Subtract:
5x = 15
x = 3
3 - 7y = -8
-7y = -11
y = 11/7.
Answer: x = 3 and y = 11/7
Step-by-step explanation: 6x-7y+(-6x) = 7+(-6x) -7y/-7 = -6x+7/-7 y = 6/7x-1 x-7 (6/7 (x) -1) = -8 -5x+7+(-7) = -8+(-7) -5x/-5 = -15/-5 x = 3 y = 6/7x-1 y = (6/7) (3) -1 y = 18/7-1 18/7-1/1 18/7-7/7 y= 11/7 x = 3 and y = 11/7
help need it done for tomorrow
Step-by-step explanation:
the law of sines :
a/sin(A) = b/sin(B) = c/sin(C)
with the sides being opposite to the angles.
so,
14/sin(80) = x/sin(60)
x = 14×sin(60)/sin(80) ≈ 12.3cm
Determine the relationship between the two triangles and whether or not they can be proven to be congruent.
Choices for the first blank :
(SSS)
(SAS)
(AAS)
(ASA)
(AAA)
(SSA)
(HL)
Second blank choices :
Can be proven or cannot be proven congruent
Answer:
They are congruent by HL
Step-by-step explanation:
Answer:
HL.
Step-by-step explanation:
2 right triangles.
Hypotenuse and 1 leg are congruent.
Is the following number rational or irrational?
-0.32
Choose 1 answer:
Rational
B
Irrational
can you only give brainliest on your own question?
Answer:
im sorry i dont know but you can try
Step-by-step explanation:
What can i multiply 2/3 by to make a product of 1? Explain how you know.
Answer:
[tex]\mathsf{\frac{3}{2}}[/tex]
Step-by-step explanation:
In order to get a product of 1, you must multiply [tex]\mathsf{\: \frac{2}{3}}[/tex] with another fraction that will result in the same value for the numerator and the denominator, which is its reciprocal.
In other words, [tex]\mathsf{\frac{2}{3} \:\times\frac{3}{2}\:=\:\frac{6}{6}\:=\:1}[/tex].
Therefore, you could multiply [tex]\mathsf{\: \frac{2}{3}}[/tex] by [tex]\mathsf{\frac{3}{2}}[/tex] to make a product of 1.
6 weeks to 12 days answer?
Let log p/n=8 and log m/n=5
What is the relationship between Pand M?
O A. P = 3M
O B. P = 1,000M
C. P= 100M
O D. P=0.001M
Answer:
B: p=1,000m
Step-by-step explanation:
can someone help me?!!! I need help!! ASAP
Answer:
x=4.6
Step-by-step explanation:
step 1 : calculate angle P since you know 2 angles
Step 2 : 57° - 90° = 180° [interior angles of a triangle ]
Step 3 : x/sin(33°) =7.1/sin(57°)
: x= 7.1Sin(33°)/sin(57°)
: x=4.6
help me brain pt Part 2
Help help fast please first answer gets brainiest also needs to be clearly stated
Answer:
(1,5) and (4,7)
Step-by-step explanation:
The slope of linear equations can be determined by m = rise / run. Rise means the difference between the y coordinates of the two points, and run is that of the y coordinates. In this case rise / run = (7-5) / (4-1) = 2 / 3.
PLS HELP FOR BRAINLIST :D
Answer:
The third answer is the correct one.
Elena said the equation 9x+15=3x+15 has no solutions because 9x is greater than 3x. Do you agree with Elena? Explaining your reasoning.
Answer:
it does have a solution x=0
Step-by-step explanation:
9x+15=3x+15
6x+15=15
6x=0
x=0
Answer:
I agree.
Step-by-step explanation:
Here is my explantion:
[tex]9x+15=3x+15\\\\Simplify:\\9x=3x\\\\Subtract 3x from both sides\\9x-3x=3x-3x\\\\\\Simplify:\\6x=0\\\\Divide both sides by 6\\\frac{6x}{6} =\frac{0}{6}\\[/tex]
A man and his son are in the living room watching TV when the son asks his father a question.
"Dad, why is my sister's name Teresa?"
The dad thinks for a little bit and answers him.
"Well your mother loves Easter, and when you rearrange the letters in Teresa, you get Easter."
The son understands and says,"Thanks, dad."
The dad replies with,"No problem, Alan"
When we arrange Alan it brings out a dirty word
Answer:
so what is the q
Step-by-step explanation:
Please Help! 20 Points! Will Give Brainliest if correct!
Answer:
eh+gf/fh
Step-by-step explanation:
The sum of twice a numbet n, and 14 ls 30 write an equation that models this
statement. Then explain how you might use reasoning to find the value of
Answer:
2n + 14 = 30
n = 8
Step-by-step explanation:
When the question says twice a number n, that means 2 * n = 2n.
Then when it says the sum of 2n and 14, that means 2n + 14.
Then they said that the sum of 2n + 14 = 30
If you want to find the value of n, subtract 14 from both sides:
2n = 16
Then divide by 2 on both sides:
n = 8
I hope this helps!
solve the proportion! (someone help)
Answer:
4.75
Step-by-step explanation:
Find the distance between the two points in simplest radical form. Please help! <3
Answer: on the bottom is (-6,5) and on the top is (1,7)
Step-by-step explanation:
solve the simultaneous linear equations by using the elimination method
a - b = -3
3a - 4b = -5
Answer:
3a -3b= -9
3a - 4b = -5
-------------------
b=-4
4a- 4b= -12
3a - 4b = -5
-------------------
a = -7
Choose Yes or No to tell whether each expression is equivalent to this expression.
–3(0.15 – 0.2 + 0.25p)
0.15 – 0.75p
Choose...
–0.45 – 0.6 + 0.75p
Choose...
–3(–0.05 + 0.25p)
Choose...
–3(0.15) + (–3)(0.2) + (–3)(0.25p)
Choose...
Answer:
top to bottom,
Yes
No
Yes
Yes
What is the constant of proportionality in this
equation?
y= 20x
Answer:
k=20
Step-by-step explanation:
The constant of proportionality, k, measures the constant value of the ratio between two proportional quantities, being y and x in this case. Essentially, y/x will always equal 20, the constant of proportionality.
Find the area of the following shape. please show me your work so i can understand how to do this.
Answer:
10
Step-by-step explanation:
count the full squares then add up the halfs and u get 10
A science club has a muffin sale. Each bag has 25 muffins. There are 630 muffins to sell. About how many bags of muffins are there?
Answer: 25.2 or 25
Step-by-step explanation:
Answer:
25
Step-by-step explanation:
because you just devide
I need the answer if you know write with explination if you don't know don't answer
Answer:
ABD ≅ ACD and PQS ≅ PRS
Step-by-step explanation:
For ABD ≅ ACD;
AB = AC = 3.5
BD = CD = 2.5
AD ≅ AD by reflexive
Since all 3 sides are congruent, SSS can be used
For PQS ≅ PRS
PQ≅PR by given
QS≅RS by given
PS≅PS by reflexive property
Since all 3 sides are congruent, SSS can be used and they are congruent
The elephants at the zoo eat 5/6 of a bucket of bananas each day. The zookeeper bought 2 1/2 buckets of bananas. How many days will the bananas last?
Answer:
3 days
Step-by-step explanation:
We know that there is 5/2 buckets of bananas, and each day 5/6 is eaten, so the answer is 5/2 divided by 5/6 which is 3
Answer:
3 days
Step-by-step explanation:
2 1/2 ÷ 5/6 = 3
Therefore, the bananas will last 3 days.