Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, c
Posted: Wed Jul 06, 2022 6:27 am
Use the information below to answer the questions that follow.Enter your answers using digits only - no dollar signs, commas, ordecimal points. The business's year-end is December 31. Cost ofequipment = 180000 Useful life in years = 8 Residual value = 0 Datepurchased = March 1, 2021 Date of disposal = October 31, 2023 Cashreceived on disposal = 125000
What is the accumulated depreciation on the date of thedisposal?
What is the book value of the equipment on the date of thedisposal?
What is the amount of the gain or loss on the disposal? If aloss, start your answer with a - sign.
What is the accumulated depreciation on the date of thedisposal?
What is the book value of the equipment on the date of thedisposal?
What is the amount of the gain or loss on the disposal? If aloss, start your answer with a - sign.