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Granite Stone Creamery sold ice cream equipment for $11,200. Granite Stone originally purchased the equipment for $77,0...
Granite Stone Creamery sold ice cream equipment for $11,200. Granite Stone originally purchased the equipment for...
Granite Stone Creamery sold ice cream equipment for $11,200. Granite Stone originally purchased the equipment for $77,000, and depreciation through the date of sale totaled $64,000 What was the gain or loss on the sale of the equipment? Sale amount LOSS Cost of the ice cream equipment Book value < Prev 30 of 40 !!! Next > MacRook Air
Granite Stone Creamery sold ice cream equipment for $15,200. Granite Stone originally purchased the equipment for...
Granite Stone Creamery sold ice cream equipment for $15,200. Granite Stone originally purchased the equipment for $88,000, and depreciation through the date of sale totaled $70,000. What was the gain or loss on the sale of the equipment? Please include sale amount, less, cost of ice cream equipment, and book value.
3 Check my work Granite Stone Creamery sold ice cream equipment for $14,800. Granite Stone originally...
3 Check my work Granite Stone Creamery sold ice cream equipment for $14,800. Granite Stone originally purchased the equipment for $87,000, and depreciation through the date of sale totaled $69,500. What was the gain or loss on the sale of the equipment? Sale amount $ 14,800 Less: Cost of the ice cream equipment Less: Accumulated depreciation Book value
Question 1 (of 17) 176 points Granite Stone Creamery sold ion cream equipment for $12,400. Granite...
Question 1 (of 17) 176 points Granite Stone Creamery sold ion cream equipment for $12,400. Granite Stone originally purchased the equipment for $81,000, and depreciation through the date of sale totaled 566,500 What was the gain or loss on the sale of the equipment? Sale amount Cost of the ice cream equipment Book value
Hawaiian Specialty Foods purchased equipment for $29,000. Residual value at the end of an estimated four-year...
Hawaiian Specialty Foods purchased equipment for $29,000. Residual value at the end of an estimated four-year service life is expected to be $2,900. The machine operated for 3,000 hours in the first year, and the company expects the machine to operate for a total of 18,000 hours. Calculate depreciation expense for the first year using each of the following depreciation methods: (1) straight-line, (2) double-declining-balance, and (3) activity-based. (Do not round your intermediate calculations.) Part Two: Orion Flour Mills...
Caterpillar Corp sold manufacturing equipment for $26,000. Caterpillar Corp originally purchased the equipment for $90,000, and...
Caterpillar Corp sold manufacturing equipment for $26,000. Caterpillar Corp originally purchased the equipment for $90,000, and depreciation through the date of sale totaled $76,000. Was there a gain or loss? Answer = _______yes____________(1pts) What was the amount of the gain or loss on the sale of the equipment? Answer = ____$14,000____(2pts) Prepare the journal entry for the sale of the equipment. (3pts) ?????
Prime Company purchased equipment on January 1, 2018, for $33,000. Suppose Pine Company sold the equipment...
Prime Company purchased equipment on January 1, 2018, for $33,000. Suppose Pine Company sold the equipment for $4,000 an December 31, 2019. Accumulated Depreciation as of December 31, 2019 was $15.000. Jounale the sale of the equipment, asuming straight-line depreciation was used First calculate any gain or loss on the sale of the equipment Enter a loss with a mission or parentheses) Market value of assets received Less Book value of asset disposed of Cost Less Accumulated Depreciation Gain or...
If equipment that cost $49,000 is sold in 2017 for $42,000, what amount of gain or...
If equipment that cost $49,000 is sold in 2017 for $42,000, what
amount of gain or loss will the company recognize for the sale?
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2016 totaled $495,000. The estimated residual value of the equipment was $47,000 and the group depreciation rate was determined to be 15%.
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2016...
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2016 totaled $495,000. The estimated residual value of the equipment was $47,000 and the group depreciation rate was determined to be 15%. What is the annual depreciation for the group? Answer is complete but not entirely correct. Annual depreciation s 67,200 If equipment that cost $49,000 is sold in 2017 for $42,000, what amount of gain or loss will the company recognize for the sale?...
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2016...
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2016 totaled $495,000. The estimated residual value of the equipment was $47,000 and the group depreciation rate was determined to be 15%. Annual depreciation 74,250 If equipment that cost $49,000 is sold in 2017 for $42,000, what amount of gain or loss will the company recognize for the sale? Gain $ 350 *Red text indicates no response was expected in a cell or a formula-based...
Granite Stone Creamery sold ice cream equipment for $11,200. Granite Stone originally purchased the equipment for $77,000, and depreciation through the date of sale totaled $64,000 What was the gain or loss on the sale of the equipment? Sale amount LOSS Cost of the ice cream equipment Book value < Prev 30 of 40 !!! Next > MacRook Air
3 Check my work Granite Stone Creamery sold ice cream equipment for $14,800. Granite Stone originally purchased the equipment for $87,000, and depreciation through the date of sale totaled $69,500. What was the gain or loss on the sale of the equipment? Sale amount $ 14,800 Less: Cost of the ice cream equipment Less: Accumulated depreciation Book value
Question 1 (of 17) 176 points Granite Stone Creamery sold ion cream equipment for $12,400. Granite Stone originally purchased the equipment for $81,000, and depreciation through the date of sale totaled 566,500 What was the gain or loss on the sale of the equipment? Sale amount Cost of the ice cream equipment Book value
Prime Company purchased equipment on January 1, 2018, for $33,000. Suppose Pine Company sold the equipment for $4,000 an December 31, 2019. Accumulated Depreciation as of December 31, 2019 was $15.000. Jounale the sale of the equipment, asuming straight-line depreciation was used First calculate any gain or loss on the sale of the equipment Enter a loss with a mission or parentheses) Market value of assets received Less Book value of asset disposed of Cost Less Accumulated Depreciation Gain or...
If equipment that cost $49,000 is sold in 2017 for $42,000, what
amount of gain or loss will the company recognize for the sale?
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2016 totaled $495,000. The estimated residual value of the equipment was $47,000 and the group depreciation rate was determined to be 15%.
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2016 totaled $495,000. The estimated residual value of the equipment was $47,000 and the group depreciation rate was determined to be 15%. What is the annual depreciation for the group? Answer is complete but not entirely correct. Annual depreciation s 67,200 If equipment that cost $49,000 is sold in 2017 for $42,000, what amount of gain or loss will the company recognize for the sale?...
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2016 totaled $495,000. The estimated residual value of the equipment was $47,000 and the group depreciation rate was determined to be 15%. Annual depreciation 74,250 If equipment that cost $49,000 is sold in 2017 for $42,000, what amount of gain or loss will the company recognize for the sale? Gain $ 350 *Red text indicates no response was expected in a cell or a formula-based...
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