Computing gain or loss on disposal post record, Accounting Basics

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Computing gain or loss on disposal post record

Q1) On June 30 1997, post sold for $230.000 machine acquired in 1994 for $ 420.000. Accumulated depreciation for this machine was $216.000 at December 31, 1995, and original estimated salvage value was $60,000. How much gain or loss on disposal must post record in 1997?

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Accounting Basics: Computing gain or loss on disposal post record

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Accounting Basics: Computing gain or loss on disposal post record

Reference No:- TGS019506

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Illustrate what is her reservation wage

Q : Computing npv of drill press project

Q : Estimate the proposed change in credit standards

Q : Illustrate the likely result of this action

Q : Computing gain or loss on disposal post record

Q : Estimate system projected external capital requirement

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Computing gain or loss on disposal post record

Reference No:- TGS019506

Recent Questions Asked Accounting Basics

Q : Illustrate what is her reservation wage

Q : Computing npv of drill press project

Q : Estimate the proposed change in credit standards

Q : Illustrate the likely result of this action

Q : Computing gain or loss on disposal post record

Q : Estimate system projected external capital requirement

Q : Computing depreciation expense by straight-line method

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Q : Explain how the unemployment and inflation rates

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