Carey Enterprises sold equipment on January 1, 2014 for $10,000. The equipment had cost $48,000. The balance in Accumulated Depreciation at January 1 is $40,000. Requirements: 1. Compute the gain or loss on sale 2. Prepare journal entries to record the sale of the equipment

Answers

Answer 1

The sale of an equipment is referred to as disposal of an asset. The required answers are:

1. Gain on disposal = $2000

2.    Journal entry for the disposal of the equipment.

                              Dr                       Cr

                              $                         $

Cash acct.            10000        

Asset                                              8000

P or L                                              2000  

Disposal of an asset implies the sale of a plant, property, or equipment. This would ensure the recovery of the carrying amount of the item during sale.

1. The gain or loss on sale of the equipment can be determined by deducting its carrying amount from its recoverable amount.

Thus, to determine the gain or loss on disposal;

                                         $'000

Cost                                     48

Accum. Depreciation          40

Carrying amount                   8

Gain or loss on disposal = Selling price - carrying amount

                                         = $10000 - $8000

                                         = $2000

The gain on disposal is $2000.

2.                           Dr                       Cr

                              $                         $

Cash acct.            10000        

Asset                                              8000

P or L                                              2000                              

For more on disposal of asset, check: https://brainly.com/question/24098024


Related Questions

Solve for x.

5 = 2x − 3
(✿◡‿◡)

Answers

Answer: x=4

Step-by-step explanation:

The answer of X would be X=4

Find the missing dimension of the cylinder. Volume = 3785 cm^3 height is 19 cm i need to find the radius

Answers

Answer:

r ≈ 7.963 cm

Step-by-step explanation:

Given the following dimensions of a cylinder:

Volume (V) = 3785 cm³

Height (h) = 19 cm

In order to find the value of the radius, it is necessary to determine the formula for finding the radius of a cylinder.

The formula for finding the volume of a cylinder is:  V = πr ²h

To isolate the radius, start by dividing both sides by π × h :

[tex]\mathsf{\frac{V} {\pi\times\:h}\:=\:\frac{\pi\:r^{2}\:h} {\pi\times\:h}}[/tex]

[tex]\mathsf{\frac{V} {\pi\times\:h}\:=\:r^{2}}[/tex]

Next, take the square root of both sides to isolate r :

[tex]\mathsf{\sqrt{\frac{V}{\pi\times\:h}} = \sqrt{r^{2}}}[/tex]

[tex]\mathsf{\:r\:=\:\sqrt{\frac{V}{\pi\times\:h}}}[/tex]

Now, we can finally substitute the given values into the formula for radius, r:

[tex]\mathsf{\:r\:=\:\sqrt{\frac{3785}{\pi\times\:19}}}[/tex]

r ≈ 7.963 cm

Therefore, the radius of the cylinder is 7.963 cm.

Please help mee …………..

Answers

Answer: i think its A

Step-by-step explanation:

Let's say that a is 8, b is 17, and c is x,

Maximum:

a + b > c  

8 + 17 >c  

c < 25

Minimum:

b + c > a  

17 + c > 8  

c > -9

(As it cannot be negative, we will call this 9.)

So, our answer is D as c, x, must be less than 25 and greater than 9.

Have a nice day!

    I hope this is what you are looking for, but if not - comment! I will edit and update my answer accordingly. (ノ^∇^)

- Heather

Simplify the expression to a + bi form:
A (-10 – 6i) +(2+i)

What is the answer to this?

Answers

Answer:  -8 -5i

Step-by-step explanation:

(-10 – 6i) +(2+i)

-10 – 6i +2 + i

(-10 +2) + (i – 6i)

-8 -5i

PLS HELP FAST FIRST ANSWER GETS BRAINLYEST 35 POINTSSSSS
Elena borrowed some
money from her brother. She
pays him back by giving him
the same amount every
week. The graph shows how
much she owes after each
week.
The slope is -3

1- how much time will it take for elena to pay back all the money she borrowed

Answers

Answer:

Well according to the graph it took Elena 6 weeks to pay her brother back

Step-by-step explanation:

Well the slope is -3, techincially she’s giving back 3 dollars every week, it starts from 18 dollars borrowed.

3 dollars every week until 18 dollars is 6 weeks. Plus the graph shows that the line reaches 0 when it crosses the “6” in weeks

Geometry problem, solve for X

Answers

Answer:

7

Step-by-step explanation:

Answer:

x=7

Step-by-step explanation:

Parallel lines with transversal

The angles are the same because of corresponding angles

130=19x-3

133=19x

133/19=x

x=7

What is the mean absolute deviation of the data set? {12, 4, 30, 16, 18} 2. 8 5 2006. 4 16.

Answers

Answer:

12 3 30 16 18 2 8 6 2006 4 16 12 4 12 13

Factorise:
a) 22y -33z b) ax + bx –ay – by

Answers

a) 11(2y-3z)

(b) (a+b)(x-y)

…………………………………

Khan academy how to find the domain of a function equation.

Answers

Answer:

I cant even see anything can you reupload your answer, please?

Step-by-step explanation:

Definition: The points where a graph intersects the x-axis are called it’s __.

Answers

Answer:

zeroes or x-intercepts

Step-by-step explanation:

Ada is making fresh orange juice for her family. She discovers that for every 3 oranges she squeezes, she gets 5 ounces of juice. Select all the ratios that have the same constant of proportionality as Ada's observation.

Answers

The ratios that have the same constant of proportionality as Ada's observation 15/9, 30/18

According to the question:

We are required to select all the ratios that have the same constant of proportionality as Ada's observation.

let y and x represent amount of juice and oranges respectively;

y = juices squeezed out

x = Oranges squeezed in

y = k × x

5 = k × 3

5 = 3k

k = 5/3

The ratios equivalent to the constant of proportionality is 15/9, 30/18

Read more:

https://brainly.com/question/18611326

Answer:

Step-by-step explanation:

9:15 15:25 6:10

Last year, 120 students were sick at school. This year, 20% fewer students are sick. How many students are sick this year?​

Answers

Answer:

100

Step-by-step explanation:

parallel perpendicular or neither

Answers

It should be perpendicular

Algebraic Proof

Match the justification to each step of the deductive reasoning about this picture. Please Help!

Answers

The following are deductive reasoning for each statement in the algebraic proof given:

1. CD + DE = CE (Segment Addition Postulate)

2. 8 + (3x + 7) = 6x (Substitution)

3. 3x + 15 = 6x (Combining like terms)

4. 15 = 3x (Subtraction Property of Equality)

5. x = 5 (Division Property of Equality)

6. CE = 6(5) (Substitution)

Recall:

The Segment Addition Postulate states that when a point lies between two endpoints on a line segment, the length of the larger segment equals the sum of the lengths of the two smaller segments formed.

Thus, the following are deductive reasoning for each statement in the algebraic proof given:

1. CD + DE = CE (Segment Addition Postulate)

2. 8 + (3x + 7) = 6x (Substitution)

Rationale: Plug in the values of CD, DE and CE

3. 3x + 15 = 6x (Combining like terms)

Rationale: Add 8 and 7 together

4. 15 = 3x (Subtraction Property of Equality)

Rationale: Subtract 3x from each side of the equation.

5. x = 5 (Division Property of Equality)

Rationale: Divide each side of the equation by 3).

6. CE = 6(5) (Substitution)

Rationale: Plugging in the value of x into "6x"

Learn more about Segment Addition Postulate on:

https://brainly.com/question/2134445

I NEED HELP WITH MATH QUESTION PLEASE HELP ME NO LINKS !!!

Answers

Answer:

21.8

Step-by-step explanation:

1.9 + 9 = 10.9

10.9 x 2 = 21.8

Answer:

21.8

Step-by-step explanation:

2×1.9=3.8

2×9=18

total=21.8

PLS HELP WILL MARK BRAINLIEST!

Answers

Answer:

7x - 2y - 4

Step-by-step explanation:

If a - b = c then the value of b is a - c:

5x + 2x - 7 - (-2x + 4y - 3) = 5x + 2y - 7 + 2x - 4y + 3 = 7x - 2y - 4

what is the answer???????​

Answers

Answer:

1.12+8.13-3.5=5.75

2.6×300=780

Answer:

1) 5.75

2) 780

Step-by-step explanation:

1.12+8.13=9.25

9.25-3.5=5.75

Multiple 26x300, then move two decimal places to the right

Find the measures of angles x and y in the figure.

Answers

y = 90° (linear pair)

x = 180° - (50° + 90°) [Angle Sum Property]

x = 180° - 140°

x = 40°

=》 x = 40° & y = 90°

______

Hope it helps ⚜

y=90°

x=40°

Step-by-step explanation:

y=90 because its in a linear pairx= 40 because of angle-sum property (180-50-90=40)

please help and show work

Answers

Answer:

Just do scan and solve by brainly really helpful ngl

Step-by-step explanation:

Find the greatest common factor of 27 and 46​

Answers

The greatest common factor of 27 and 46 is 1

Please I really do need ur help. 4 5/9 is the same as the sum of 2 1/3 and 5/6 times a number.

What is the number?

Enter your answer as a mixed number in the simplest form in the box.

Answers

The answer is 1 25/57.

Just set the question into an equation:
(2 1/3+ 5/6)x = 4 5/9
(Solve for x and you’ll get 1 25/57).

Answer:  X =  2 2/3

Step-by-step explanation:

4 5/9 is the same as the sum of 2 1/3 and 5/6 times a number.

Let X be the "number."  Translate the sentence:

(4 5/9) = ((2 1/3) + (5/6))*X

"4 5/9 is the same":  (4 5/9) =

"as the sum of 2 1/3 and 5/6":  ((2 1/3) + (5/6))

"times a number": *X

Put them all together:

(4 5/9) = ((2 1/3) + (5/6))*X

(41/9)-(7/3) = (5/6)X

(41/9)-(21/9) = (5/6)X

(20/9) = (5/6)X

X = (20/9)*(6/5)

X = 120/45

X = 2 30/45 or 2 2/3

find an equation of the line that passes through the points (-3,10) and (2,-5)

Answers

Step-by-step explanation:

the most common form of line equation is

y = ax + b

a is the slope of the line. it is expressed as the ratio

y coordinate change / x coordinate change

when going from one point to the other.

b is the y-intercept (the y value when x = 0).

once we have the slope, we get b by using the coordinates of one of the given points as x and y in the equation and since for b.

for the slope a :

x changes by +5 (from -3 to 2)

y changes by -15 (from 10 to -5)

so, the slope is -15/+5 = -3

the equation looks now like

y = -3x + b

let's use the first point

10 = -3×-3 + b = 9 + b

1 = b

so, the equation is

y = -3x + 1

I got 8 green crayons for the a part just confused for the b part

Answers

Answer:

Just apply the same method to part B

x:24

5:8

x3 x3

15:24

Answer:

8

7

Step-by-step explanation:

24 purple

green : purple = 1 : 3

g / p = 1/3

g / 24 = 1/3

g = 24/3

g = 8

now abbi put x green crayons into box

now green : purple = 5 : 8

(8 + x) / 24 = 5/8

8 + x = 5/8 * 24

8 + x = 5 * 3

8 + x = 15

x = 15 - 8

x = 7

Write the explicit formula for
-1,-3,-9,-27,-81...

Answers

Answer:

[tex]- \frac{1}{3} * 3^n[/tex]

Step-by-step explanation:

This is a geometric sequence/progression

Therefore, we use the formula [tex]a_{n} = \frac{a_{1} * r^n}{r}[/tex]

Where [tex]a_{1}[/tex] [tex]=[/tex] [tex]-1[/tex],

and [tex]r = 3[/tex]

[tex]a_{n} = \frac{-1 * 3^n}{3}[/tex]

[tex]a_{n} = -\frac{1}{3} * 3^n[/tex]

can someone help me with this work problem?
thank you!( ◜‿◝ )♡​

Answers

adddddddddddddddddddddddddddddddddddddddddddddddddddddd

SOMEONE HELP ME PLEASE

Answers

Answer:

[tex]x=\frac{27}4=6.75[/tex]

Step-by-step explanation:

The triangles PQR and SQT have corresponding angles congruent. In particular the pair P,S, R,T are congruent since corresponding angles relative to the two parallel lines in the hypotesis, and Q is obviously in common. The two triangles are similar since their angles are congruent. We can then write the follwing proportion.

[tex]\overline{RQ}:\overline {TQ}= \overline{PQ}:\overline{SQ}[/tex]  Replacing the values and cross-multiplying we get:

[tex](4x-3+3):3=(40+5):5 \rightarrow 4x:3 = 45:5 \\4x=27 \rightarrow x=\frac{27}4=6.75[/tex]

Answer:

6.75

Step-by-step explanation:

the answer is 6.75

so x = 6.75

A cylinder has a volume of 33,912 units3 and a
height of 12 units. What is the diameter of the
cylinder?

I’ll do 50 points please answer right away !!!!!!!

Answers

Answer:

60

Step-by-step explanation:

I hope this helps

The diameter of the  cylinder is equal to 59.98 units.

Given the following data:

Volume of cylinder = 33,912 [tex]unit^3[/tex]Height of cylinder = 12 units.

To determine the diameter of the  cylinder:

First of all, we would find the radius of the circular base of this cylinder.

Mathematically, the volume of a cylinder is given by the formula:

[tex]Volume = \pi r^2h[/tex]

Making r the subject of formula, we have:

[tex]r=\sqrt{\frac{V}{\pi h} }[/tex]

Substituting the given parameters into the formula, we have;

[tex]r=\sqrt{\frac{33912}{3.142 \times 12} }\\\\r=\sqrt{899.43}[/tex]

Radius, r = 29.99 units.

For the diameter:

[tex]Diameter = 2 \times radius\\\\Diameter = 2 \times29.99[/tex]

Diameter = 59.98 units.

Read more: https://brainly.com/question/1908836

Mrs. Baynes is shopping for rulers for her classroom. She wants to spend $19.75 on rulers and they cost $0.79 each. How many rulers, (r), can she buy? NO LINK (please)

Answers

Answer:

25 rulers

Step-by-step explanation:

Divide the total money available by the cost per ruler to get the number of rulers.

[tex]19.75/0.79=25[/tex]

Given m||n, find the value of x. (10X-40°)(x-140°​

Answers

Answer:

1

Step-by-step explanation:

no es mi culpa que eres una caca

Pls help ::::………..
——-////

Answers

Answer:

you will have $133920 intrest monthly and $151920 in the bank

Step-by-step explanation:

Suppose you give $100 to a bank which pays you 5% simple interest at the end of every year. After one year you will have $105, and after two years you will have $110. This means that you will not earn an interest on your interest. Your interest payments will be $5 per year no matter how many years the initial sum of money stays in a bank account.

Other Questions
Manuel ran his mile in 7.332 minutes. How fast is that to the nearest hundredth? Explain your answer. Where , the distance between the points ( a, c) and ( b, c) is ( ) units Please help me I need help with this I lied earlier I do need help pls help with the answers I only did the first two but I don't know if I'm right Richardo is a middle-aged man. His waist circumference measurement of 45 inches places him at ______ risk for chronic, obesity-related diseases. 1. List five different ways of being in touch with people nowadays2. List five barriers to the interaction and communication between people?3. Are social networks inclusive or exclusive ways of interacting with people? Answer to this question using about 100 words (about 15 lines) Mr. Wilson is giving his students a vocabulary test tomorrow over all the terms they have learned from this semester. Today, he wants to determine how prepared the students are for the test. So, he writes each term on a note card and puts all the note cards in a paper bag. Which of the following bonds would be best categorized as covalent?aNi-Br bAl-S cC-O dCa-N How do I convert 10.8 mg to ml Write an equation in point-slope form ofthe line that has a slope of 2 and passesthrough point (5,-3). List the first six common multiples of 6 and 9 14 In which group are all the elements foundnaturally only in compounds?(1). 18(3) 11(2) 2(4) 14 Which of the following statements be describes the social structure of free male citizens in Ancient Greece what is the answer for k=6x+100 What is mRS?shown on the picture Which ordered pairs in the form (x, y) are solutions to the equation 3x4y=21? select each correct answer. (1, 6) (7, 0) (11, 3) (3, 3). The answer to this question How does Ha want Brother Vu to do for her after she begins going to school?A. teach her to cookB. teach her to fix carsC. teach her to speak English D. teach her to fight Frankenstein The creature is incredibly smart. However, everything is black or white; nothing is gray to it. It only understands the extremes of situations and hasnt grasped the idea of being in the median. Why is it dangerous for the creature to think like this? How might this mindset separate it from society even more? 2 pieces of textual evidence please help me get this right and please no link please help me on my math , I need help :(