Loss of 21300 is incurreed in selling (for cash) office qeuipment that cost 89000 and had accumulated depreciation of 22200, actual cash proceedsmust have been 1. 67700 2.88100 3.66800 4. 45500
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Loss of 21300 is incurreed in selling (for cash) office qeuipment that cost 89000 and had
1. 67700
2.88100
3.66800
4. 45500
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- A new cash register was purchased on the 1 April 200X for R5000 cash. Which of the following amount represents tje depreciation expense for the new cash register purchased on 1 April? A.R250 B.R125 C.None of the above D.R1674. Mention the net amount of 'Source' or 'Use' of cash when a fixed asset having book value of $15,000 is sold at a loss of $5,000. (A) Use $5,000 (B) Use $15,000 (C) Source S10000 (D) Source $15,000Equipment R20 000, Accumulated Depreciation R16 000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2020. The equipment originally costed R3 000. The Accumulated depreciation is R 700.The profit/loss for the disposed equipment is _________.A. Profit/loss R300B. Profit/loss R92C. Profit/loss R455D. Profit/loss R460
- JBS Inc. recently reported net income of $4,650 and depreciation of $855. How much was its net cash flow, assuming it had no amortization expense and sold none of its fixed assets? Group of answer choices $5,786.75 $5,223.25 $5,505.00 $4,955.59 $4,701.31In 20x7, Sweet Treats sold a piece of equipment with a purchase value of $371,000 and acumulated depreciation of $247,000 for $75,000. Sweet Treats realized a loss of $49.000 n the sale HoW Would this transaction affect overall cash flows? O a Cash flows would increase by $26.000, 0b Cash flows would increase by S49.00 0¢ Cash flows would ncrease by $75.00 0d Cash flows would decrease by $49.00Need a T graph : Sale of Building Building Asset: 555,047.06Accumulated Depreciation: 121,507.21Sale Cash $300,000 however you only recieve 295,446.97 because the lawyer took 4,553.03
- Note: Double Declining Balance = 200% Declining Balance A. How much is the depreciation for year 3? Select one: o a. P158,203.13 o b. P150,000 o c. P210,937.50 o d. P187,500 В. How much is the total depreciation as of year three using DDB method? C. What is the equipment's book value at the end of year three?A cash gent unit has these net assets: - goodwill: - $10 mProperty: - $15 mPlant Eper:- = $ 25 mThe company is ceviewing Cal for impairment. we Enor the flig information: - selling Price $ 30 mYou are res: - to calculate the recoverable $50 mselling costss $5 mValue in use amount of CaU galloc the impasment loss to the net assets of the company = =An asset group is being evaluated for an impairment loss. The following financial information is available for the asset group: Carrying Value=100,000,000 Sum of the undiscounted cash flows= 95,000,000 Fair value= 80,000,000 Carrying Value= $100,000,000 What is the value of the impairment loss?
- Use the following to answer questions 20 - 22 AJ Construction is in the process of closing its operations. It sold its five-year-old Caterpillar 279C Compact Track Loader for $100,000. The loader originally cost $180,000 and had an estimated useful life of 10 years and an estimated residual value of $40,000. The company uses straight-line depreciation for all equipment. 20. $ loader at the end of the fifth year. Calculate the book value of the 21. $ What was the gain or loss on the sale of the loader at the end of the fifth year; (if loss, put – in front of your answer). 22. Record the sale of the loader at the end of the fifth year.Equipment R20 000, Accumulated Depreciation R16 000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2020. The equipment originally costed R3 000. The Accumulated depreciation is R 700.The depreciation for the disposed equipment is _________.A. R460B. R345C. R225D. R92Determine the missing amount: cash$239,186;short term investment$353,700;acct receiv$504,944;inventory? Prepaid exp$83,259;total current asset$1,594927; property&equipment? what is the inventory amount and property& equipment amount?