Apex Corporation sold machinery for $57,000. The machinery had an original cost of $135,000 and accumulated depreciation of $62,000. Ignoring the tax effect, as a result of the sale: a. net income will increase by $57,000. b. net income will decrease by $16,000. c. net income will increase by $16,000. d. net income will decrease by $57,000.

Mansukhbhai

Choose the best answer with solutions. Choose the answer in choices below only.

Sub. General accounting

Question for Maroon Company: • HOW MUCH IS THE GAIN OR LOSS IF THE BLDG IS SOLD FOR P8MILLION ONE YEAR AFTER REVALUATION? • HOW MUCH IS THE BLANCE OF REVALUATION SURPLUS AFTER THE SALE? For Noypi Store, follow the requirement. (Choose from the choices and kindly provide a solution.)

In each of the following cases, find the unknown variable. Ignore taxes. (Do not round intermediate calculations and enter your depreciation answer rounded to the nearest whole number and other answers rounded to 2 decimal places.)       Accounting Break-Even Unit Price Unit Variable Cost Fixed Costs Depreciation 95,800 $42 $30 $820,000   143,806   64 2,750,000 1,150,000 7,835 97   245,000 105,000

Global Positioning Net purchased equipment on January 1, 2018, for $15,233. Suppose Global Positioning Net sold the equipment for $11,000 on December 31, 2020. Accumulated Depreciation as of December 31, 2020, was $10,155. Journalize the sale of the equipment, assuming straight-line depreciation was used. First, calculate any gain or loss on the disposal of the equipment. Market value of assets received Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss)

At the end of its financial year, Tanner Co had the following non-current assets: Land and buildings at cost $10.4 million Land and buildings: accumulated depreciation $0.12 million Tanner Co decided to revalue its land and buildings at the year-end to $15 million. What will be the value of the revaluation surplus if the revaluation is accounted for? %24

Assume that Peak Co. Is considering disposing of equipment that cost... Please need answer the general accounting question

A publishing company wants to replace an old machine, which to date is totally depreciated. The new equipment will increase earnings before depreciation and taxes by $ 33,000 per year over its useful life, calculated at 9 years. Its price is $ 166,500 including installation costs. If the company pays taxes of 47% and its MARR is 11%, establish the convenience of replacement if depreciation is declared through: a.straight line method b.Method of the sum of the digits of the years.