1. A fixed asset with a cost of $27,000 and accumulated depreciation of $24,300 is sold for $4,590. What is the amount of the gain or loss on disposal of the fixed asset? a. $1,890 gain b. $2,700 gain c. $2,700 loss d. $1,890 loss 2. Z Company purchased an asset for $55,000 on January 1, Year 1. The asset was expected to have a four-year life and an $8,000 salvage value. What would be the amount of depreciation expense for Year 1 using double-declining balance? 3. The project requires $700,000 in assets and will be 100% equity financed. If EBIT is $60,000 and the tax rate is 35% and assuming the company has a large, positive income overall, what is ROE?

A fixed asset with a cost of $24,000 and accumulated depreciation of $21,600 is sold for $4,080. What is the amount of the gain or loss on the sale of the fixed asset? a. $1,680 loss b. $1,680 gain c. $2,400 loss Od. $2,400 gain

A fixed asset with a cost of $32,167.00 and accumulated depreciation of $28,950.30 is sold for $5,468.39. What is the amount of the gain or loss on disposal of the fixed asset? Select the correct answer. A. $2,251.69 loss   B. $2,251.69 gain   C. $3,216.70 gain   D. $3,216.70 loss

1. A fixed asset with a cost of $27,000 and accumulated depreciation of $24,300 is sold for $4,590. What is the amount of the gain or loss on disposal of the fixed asset? a. $1,890 gain b. $2,700 gain c. $2,700 loss d. $1,890 loss 2. Z Company purchased an asset for $55,000 on January 1, Year 1. The asset was expected to have a four-year life and an $8,000 salvage value. What would be the amount of depreciation expense for Year 1 using double-declining balance? 3. The project requires $700,000 in assets and will be 100% equity financed. If EBIT is $60,000 and the tax rate is 35% and assuming the company has a large, positive income overall, what is ROE?

A fixed asset with a cost of $31,021 and accumulated depreciation of $27,918.90 is sold for $5,273.57. What is the amount of the gain or loss on disposal of the fixed asset? Oa. S2,171.47 loss Ob. $3,102.10 loss Oc. S2,171.47 gain Od. S3,102.10 gain

A fixed asset with a cost of $26,000 and accumulated depreciation of $23,400 is sold for $4,420. What is the amount of the gain or loss on the sale of the fixed asset? Oa. $2,600 loss Ob. $2,600 gain Oc. $1.820 loss Od. $1,820 gain Previous Next 7:04 PM 12/11/2020 18 a

A fixed asset with a cost of $33,769.00 and accumulated depreciation of $30,392.10 is sold for $5,740.73. What is the amount of the gain or loss on disposal of the fixed asset? Select the correct answer. $2,363.83 gain $2,363.83 loss $3,376.90 loss $3,376.90 gain

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An asset which costs $25,000 and has accumulated depreciation of $6,000 is sold for $11,000. What amount of gain or loss will be recognized when the asset is sold?   a. A gain of $14,000   b. A loss of $14,000   c. A gain of $8,000   d.  A loss of $8,000

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