Business, 15.07.2021 21:40, nadiarose6345

Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $126,000 and has accumulated depreciation of $92,000. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. Diaz sold the machine for $17,300 cash. Diaz sold the machine for $34,000 cash. Diaz sold the machine for $41,100 cash.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 06:00, esnyderquintero

Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.

Answers: 1

continue

Business, 22.06.2019 10:10, travisvb

Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):

Answers: 1

continue

Business, 22.06.2019 17:00, justyne2004

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?

Answers: 1

continue

Business, 23.06.2019 02:00, mayaduke9482

When making a major purchase, i often spend months to learn all the issues?

Answers: 3

continue

Do you know the correct answer?

Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $126,000 and has accumu...