on december 31, strike company has decided to discard one of its batting cages. the initial cost of the equipment was $223,857.00 with an accumulated depreciation of $201,471.30. depreciation has been taken up to the end of the year. the following will be included in the entry to record the disposal. select the correct answer. loss on disposal of asset dr. $201,471.30 equipment cr. $223,857.00 gain on disposal of asset cr. $22,385.70 accumulated depreciation dr. $223,857.00

Answers

Answer 1

The journal entry to record the disposal of asset, Dr. accumulated depreciation a/c ($201,471.3) and credit equipment account ($ 223,857.00)

Calculation:

Initial cost of equipment = $223,857.00

Accumulated depreciation = $201,471.3

Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much more asset's value has been used is demonstrated by depreciation. It enables businesses to purchase assets over a predetermined amount of time and generate an income from those assets.

The initial cost of possession is greatly lowered because businesses do not have to fully account for them during the year that the goods are purchased. A company's profits can be significantly impacted by not accounting for depreciation. Long-term assets could also be depreciated by companies for tax and accounting reasons.

Depreciation was comparable to deterioration, which takes into account the increase in value of intangible assets over time.

Learn more about depreciation here:

https://brainly.com/question/15085226

#SPJ4


Related Questions

Consider that yoga class and pilates class are substitutes. An increase in the price of yoga class is likely to increase the demand for pilates class. select one: a. false b. true

Answers


True. Yoga class and pilates class are considered substitutes, which means that they serve a similar purpose and fulfill similar needs for individuals looking to engage in physical activity and improve their well-being. When the price of one substitute increases, the demand for the other substitute tends to increase as well.

In this case, an increase in the price of yoga class would likely lead to an increase in the demand for pilates class. This is because individuals who find the higher price of yoga class less affordable or less desirable may choose to switch to pilates class as a more affordable alternative.

For example, let's say the price of yoga class increases. Some people who were initially considering joining a yoga class may find the new price too expensive and may choose to look for alternatives. Pilates class, being a substitute for yoga, could become a more attractive option due to its lower price. As a result, the demand for pilates class is likely to increase.

Therefore, based on the relationship between substitutes and price changes, an increase in the price of yoga class is likely to increase the demand for pilates class.

To know more about yoga class visit:

https//:brainly.com/question/30327210

#SPJ11

Kent works in the public relations department of his company. He sends a news release about a new product offering to several newspapers and television stations. Kent knows from past experience that even when the media use his news releases, they often release the information at inopportune times. They will also sometimes cut out what Kevin believes are the most important points to make the news fit. However, Kent accepts these disadvantages because free publicity offers the advantage of

Answers

Answer:

The answer is "credibility".

Explanation:

In this scenario, free advertising offers a reputation benefit. When this journal advertises openly, it's also considered reliable by the targeted customers like, it is in news form while charging something. Therefore, Kent finds that improper transmission of time information to be a drawback since it recognizes that its product and company would still be credible.

People are known to have different qualities. Kent accepts these disadvantages because free publicity offers the advantage of Credibility.

Credibility is known to be a characteristic of an individual who is said to be noted by others to be a trusted advisor, believable, and confident as they tend  to show a high level of expertise in a specific field.

A lot of traits are said to be of influential behaviors are known to be linked with with high credibility. Kent acceptance shows that free publicity gives some measure  of Credibility.

Learn more about Credibility from

https://brainly.com/question/1279931

Sales Tax is the amount added to a purchase that is charged by the government
True
O False

Answers

Answer:

True

Explanation:

If I am wrong, I am sorry!

When trying to decide which college has the lowest cost of attendance, which is the most important for students to consider?

Answers

The most important thing that students must take into the consideration while deciding about the cost of attendance is net price.

What is Attendance?

Attendance refers to the act of being present in a certain event, program or assembly every day. For instance, attendance in the meeting is compulsory for the members of the boards.

Net price refers to the amount which comes after deducing all kinds of the expenses from the product or service. When determining which institution offers the most affordable tuition, net price must be considered.

Therefore, it can be concluded that  net price is an important consideration.

Learn more about Attendance here:

https://brainly.com/question/1075365

#SPJ1

if a nation is utilizing a fixed exchange rate, which entity is responsible for exchanging domestic and foreign currency as needed to meet supply and demand?

Answers

If a nation is utilizing a fixed exchange rate, the world bank is responsible for exchanging domestic and foreign currency as needed to meet supply and demand.

What is meant by fixed exchange rate?

A fixed exchange rate is a system used by a government or central bank that links the value of the nation's official currency to the currency of another nation or the price of gold. A fixed exchange rate system's goal is to maintain a currency's value within a specific range.

A nominal exchange rate that is firmly established by the monetary authority with regard to a foreign currency or a basket of foreign currencies is known as a fixed exchange rate. A floating exchange rate, in contrast, is established on foreign exchange markets based on supply and demand and typically changes continually.

Read more on fixed exchange rate here: https://brainly.com/question/19913372

#SPJ1

A store advertises new TVs for $100 a month for six $600 in order to
A. encourage customers to buy more than one item
B. make a larger price tag look more manageable
C. make signage more attractive to shoppers
D. significantly reduce the amount of tax taken

Answers

Answer:

B. make a larger price tag look more manageable

Explanation:

A price tag of $600 may see a too high price for many customers. To eliminate the perception of a huge price/expensive TV, the store opts to spread the TV cost over six months. The customer will end up paying $600 for the TV( 6 x $100).

The $600 price tag may discourage some customers, which translates to a loss of sales. $100 for six months is attractive, pocket friendly and may generate many sales to the store.

why is it harder to estimate expenses than to estimate income?

Answers

A It is more difficult to predict expenses than it is to estimate income because expenses frequently change significantly from month to month.

Why should my expenses be considered?

Giving each of your bills a weight makes it simpler to decide what needs to be paid now and what can wait. You may not always be able to afford new shoes or apparel, but you'll always be aware that your main objectives may be met.

What distinguishes revenues from operating costs?

To evaluate whether a corporation is generating money or losing money, this method analyzes income and operational costs.

To know more about expenses visit:

https://brainly.com/question/17136150

#SPJ4

What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that ______. Multiple choice question. better ethics comes with increased standard of living the United States is often overly critical of foreign business practices the United States has more highly evolved ethical practice moral standards are relative to particular societies

Answers

What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that moral standards are relative to particular societies.

What are moral standards?

In summary, moral standards are what a person of society considers to be right or wrong regarding human behavior. These standards are often different in the distinct cultures and societies around the world, often due to differing histories that helped to form them.

Therefore, we can confirm that the situation described in the question is a direct result of the moral standards being relative to particular societies.

To learn more about societies visit:

https://brainly.com/question/8706433?referrer=searchResults

Which two statements are the most accurate in regards to scaling Scrum for large projects requiring multiple Scrum Teams? (Choose two)answer choicesA person focusing on the Sprint Backlog of a single Scrum Team is often more productive than that same person working on multiple Scrum Teams at the same time.A well-structured Product Backlog can minimize and often eliminate Development Team members working on multiple Scrum Teams during a Sprint.Team members must work full time on a single Scrum Team.Customizing the core Scrum framework is necessary to be successful with Scrum at large scale.

Answers

A Scrum Master should manage multiple Scrum Teams at the same time. the correct option is A and B.

What is Scrum Master?

Scrum Master is a facilitator for an Agile development team. They ensure that the team adheres to the processes and practices of the Scrum framework. The Scrum Master helps the team stay focused on its goals, removes impediments to progress, and enables close cooperation across all team functions.

A) A person focusing on the Sprint Backlog of a single Scrum Team is often more productive than that same person working on multiple Scrum Teams at the same time.

B) A well-structured Product Backlog can minimize and often eliminate Development Team members working on multiple Scrum Teams during a Sprint.

To learn more about Scrum Master
https://brainly.com/question/4763588
#SPJ4

PLEASE HELP!! NO SPAM!!! I'm literally about to have a mental breakdown because i cant figure these questions out

PLEASE HELP!! NO SPAM!!! I'm literally about to have a mental breakdown because i cant figure these questions

Answers

Based on the students who passed, the probability that a random student gets an A in Statistics or Psychology or both is 0.226.

The probability that a random student did not get an A in Psychology is 0.84.

What are the probabilities of getting an A in psychology?

In order to find out the probability that a person got an A in either Statistics, Psychology, or both, the formula is:

= Probability of A in Psychology +  Probability of A in Statistics - ( Probability of A in Psychology and Statistics)

= (80 / 500) + (82 / 500) - ( 49 / 500)

= 0.16 + 0.164 - 0.098

= 0.226

The probability of not getting an A in Psychology is:

= 1 -  Probability of A in Psychology

= 1 - (80 / 500)

= 0.84

Find out more on probability at https://brainly.com/question/25870256.

#SPJ1

A sales contact manager used by a salesperson is an example of a(n) ________.

Answers

A sales contact manager used by a salesperson is an example of a Customer Relationship Management (CRM) system.

CRM system helps the salesperson, who acts as a manager of customer interactions, to organize, track, and manage their contacts, leads, and customers. This system streamlines communication, allows for better customer service, and ultimately leads to increased sales. By using a CRM, the sales manager can easily monitor their sales pipeline, manage tasks, and maintain a strong relationship with their clients.

The CRM system provides valuable insights and data analysis, enabling the salesperson to make informed decisions and improve their sales strategy. Overall, a CRM is an essential tool for any sales manager looking to optimize their sales process and enhance customer relationships.

To know more about manager refer here: 

https://brainly.com/question/28017308

#SPJ11

This circle graph shows the results of a survey that asked people to identify their favorite type of music. What percent of people chose rock or country as their favorite type of music?

Answers

Answer:

answer 45

Explanation:

Answer:

45%

Explanation:

This circle graph shows the results of a survey that asked people to identify their favorite type of

an example of a self-fulfilling prophecy is a server who expects some poorly dressed customers to be stingy tippers, who therefore gives them poor service, and so gets the result he expected—a much lower tip than usual. true or false?

Answers

True , an example of a self-fulfilling prophecy is a server who expects some poorly dressed customers to be stingy tippers, who therefore gives them poor service, and so gets the result he expected lower tip than usual .

How can self-fulfilling prophecies manifest themselves?

The Greek myth of Oedipus is one of the most well-known examples of a self-fulfilling prophesy. In the narrative, Laius, the father of Oedipus, is forewarned that his son will someday murder him. He leaves his son to die in order to avoid suffering this destiny.

What two categories of predictions come true on their own?

Two categories of self-fulfilling prophesies exist: When your actions are influenced by your own expectations, self-imposed prophesies happen. Prophecies that are enforced by others happen when their expectations affect your actions.

To know more about self-fulfilling prophecy visit :

https://brainly.com/question/14378477

#SPJ4

Explain the levels of shariah rulings by giving examples of each relevant to the financial transaction.

Answers

Answer:

The levels of shariah rulings by giving examples of each relevant to the financial transaction  is explained below in complete details.

Explanation:

Rules of Islamic Finance

The laws of Islamic finance adhere to the general sources of withdrawing Qimar and Maysir which are betting and gambling along with Gharar which is risk linked with exploitation and unfairness. This shuts access to the theory of interest and prevents the use of conventional debt-based devices. The Islamic financial system promotes risk-sharing, encourages entrepreneurship, discourages dangerous behavior, and emphasizes the sacredness of contracts.



A computer game that can be purchased online and played right away has good _____utility.
A. Form
B. Information
C. Value
D. Time

Answers

D time this is because you didn’t have to do much to set it up

Payment of inpatient services is utilized by which of the following prospective payment systems?
a. APC
b. DRG
c. OPPS
d. RBRVS

Answers

The payment of inpatient services is utilized by the DRG (Diagnosis Related Group) prospective payment system. This system categorizes inpatient stays into groups based on the patient's diagnosis, treatment, age, and other factors.

The DRG system is used by Medicare and many private insurance companies to reimburse hospitals for inpatient services. The payment for each group is based on the average cost of treating patients in that group, with adjustments made for geographic location and other factors. This system is designed to promote efficiency and cost containment in the delivery of healthcare services.

DRG is a system that classifies patients into groups based on their diagnosis, treatment, and other factors. Hospitals receive a predetermined rate for each patient within a specific DRG, promoting cost-efficiency and standardization in inpatient care.

Learn more about DRG (Diagnosis Related Group) prospective payment system: https://brainly.com/question/28319980

#SPJ11

Do all states pay the same unemployment compensation and for the same length of time?

Answers

Answer:

Explanation:

Ultimately, the onus is on the state government to balance the checkbook, so the state has to decide the benefits maximum amount, duration, and eligibility to receive the benefits. For this reason, you notice that unemployment benefits largely vary by state. Some states like Massachusetts could pay as high as $1,220 depending on the eligibility criteria.

Explain how herbs are used in treating any
5 diseases

Answers

Answer:

An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Herbal medicines are one type of dietary supplement. They are sold as tablets, capsules, powders, teas, extracts, and fresh or dried plants. People use herbal medicines to try to maintain or improve their health.

Explanation:

Hope it helps u

FOLLOW MY ACCOUNT PLS PLS

stanley has an automobile insurance policy for which he is billed $220 four times per year. which term is used to refer to that cost? stanley has an automobile insurance policy for which he is billed $220 four times per year. which term is used to refer to that cost? surcharge premium co-payment deductible

Answers

Premium is used to refer to that cost? surcharge premium co-payment deductible.

What makes it a premium, and why?

In general, a premium is a cost that is incurred above and above some fundamental or intrinsic worth. Relatedly, it is the cost associated with being shielded from a loss, risk, or injury (e.g., insurance or options contracts). The Latin term premium, which originally meant "reward" or "prize," is where the word "premium" comes from.

What is a high-end illustration?

Something or someone of greater or superior quality is considered to be premium. An example of the adjective premium in use is premium gasoline, which refers to fuel with a higher octane rating. a cost that is higher than going rates.

To know more about Premium visit :

https://brainly.com/question/7511249

#SPJ4

A group of individuals from the same business sector who try to persuade politicians to
pass favorable economic laws for them are known as

Answers

Answer:

Lobby

Explanation:

The term lobby refers to a group of people who band together and try to influence people in public office and politicians.

Heila is the daughter of your neighbor, Mary. She and her 6-year-old son moved in with Mary in August. Mary would like you to prepare a return claiming the grandson as her qualifying child. What do you do? File the return since you know that Mary has done them a favor by allowing them to move in.

Answers

Answer:

The options are missing:

File the return since you know that Mary has done them a favor by allowing them to move in. Explain the residency requirement and file the return showing the grandson lived with Mary for more than half the year. File the return, but only after Mary assures you that Sheila will not be claiming her son. Explain to Mary that she is not eligible to claim her grandson, and that you cannot knowingly file an incorrect tax return.

My answer would be:

4. Explain to Mary that she is not eligible to claim her grandson, and that you cannot knowingly file an incorrect tax return.

Explanation:

This is both a legal and ethical question.

Legally, Mary is not allowed to deduct Heila's son as her dependent because she only lived with her for 5 months and the minimum requirement is 6 months.

Ethically, you are asked to benefit someone that is your friend (or might not), but in order to do so you must break the law. Is it ethical to break the law in order to benefit an specific person? The answer is no, the law should be the same for everyone. To be honest, no one will probably even realize that you did something illegal, but bad actions always have consequences and we do not always realize them.

The Federal Reserve purchases large amounts of treasury securities in order
to:
A. slow down a period of rapid economic growth.
B. enforce regulations on its member banks.
C. increase the available money supply.
D. stop banks from lending too much money.
SUBMI

Answers

Answer: C. increase the available money supply

Explanation:

The supply of money is the total amount of money that a particular economy has at a particular point in time.

The Federal Reserve purchasing large amounts of treasury securities is an expansionary policy which means that it's a policy that is used to increase the money that's available in the economy.

When the government buys securities, it leads to more money on circulation. Likewise, if the federal government wants to reduce money supply, it sells securities to the people.

Therefore, the correct option is C.

C. increase the available money supply

Explanation:

The supply of money is the total amount of money that a particular economy has at a particular point in time.

What field should be moved out of a table if Customer ID is the primary key? address O package size O phone number O customer name​

Answers

Answer:

package size

Explanation:

all the others are stuff abt the customer

Answer:

B

Explanation:

The fact that taxpayers can deduct the amount they paid in interest on a home mortgage from the income they report on their tax returns is an example of Group of answer choices an entitlement program. a contributory program. an earned income tax credit. a tax expenditure.

Answers

If taxpayers can deduct the amount they paid in interest on a home mortgage. This is an example of  a tax expenditure.

What is  a tax expenditure?

A tax expenditure can be defined as the process in which a tax payer can deduct money from their tax return.

Tax expenditures is important as it make use of deduction as well as  exemption among others  to reduce the amount that a tax payer file as tax return.

Therefore this is an example of a tax expenditure.

Learn more about tax expenditure here:https://brainly.com/question/1133253

Suppose the government decides that every family should own its own home. To bring this about, the government decides to subsidize the home-construction industry by giving the home-construction companies $10,000 for every house that they build. As a result of this,

Answers

Answer: the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.

Explanation:

Since the government decides to subsidize the home-construction industry by giving the home-construction companies $10,000 for every house that they build, then the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.

Builders will be willing to produce more houses because they'll intend to get the $10000 given by the government and this will be a source of motivation. Therefore, the supply curve will shift to the right.

1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels

Answers

Answer:monopoly

Explanation:

Which of the following sections does not recapture or recharacterize a taxpayer's gain?
A. §1239.
B. §1244.
C. §1245.
D. §291.
E. None of these.

Answers

The following sections does not recapture or recharacterize a taxpayer's gain: None of these. The correct answer is E.

What is taxpayer's gain?

The term "taxpayer's gain" typically refers to a situation where a taxpayer realizes a financial benefit as a result of a tax-related transaction or event. It can occur in various scenarios, such as when a taxpayer receives a tax refund, takes advantage of tax deductions or credits, or benefits from favorable tax treatment.

Sections 1239, 1244, 1245, and 291 of the Internal Revenue Code (IRC) all involve provisions that recapture or recharacterize a taxpayer's gain in certain situations. However, none of these sections specifically exclude or exempt a taxpayer's gain from recapture or recharacterization.

Section 1239 deals with certain sales or exchanges between related parties involving depreciable property. It applies when there is a gain on the sale or exchange, and it generally treats the gain as ordinary income rather than capital gain.

Section 1244 allows individuals to treat losses from the sale or exchange of small business stock as ordinary losses rather than capital losses. This provision is designed to provide tax relief for investors in small businesses.

Section 1245 relates to the recapture of depreciation deductions taken on tangible personal property, such as equipment or machinery. When the property is sold or disposed of, any gain attributable to the depreciation deductions is treated as ordinary income.

Section 291 pertains to the recapture of certain preferences previously claimed under the Alternative Minimum Tax (AMT). It recaptures a portion of the tax benefits previously obtained under the AMT when certain assets are sold or disposed of. The correct answer is E.

Therefore, none of these sections exclude or exempt a taxpayer's gain from recapture or recharacterization.

To know more about taxpayer, refer here:

https://brainly.com/question/31360200#

#SPJ4

Complete question:

Which of the following section does not recapture or recharacterize a taxpayer's gain? A. Sec. 1239 B. Section 1244 C. Sec. 1245 D. Sec. 291 E. None of these

When a binding price floor is imposed on a market,
a. price no longer serves as a rationing device.
b. the quantity demanded at the price floor exceeds the quantity that would have been demanded without the price floor.
c. all sellers benefit.
d. All of the above are correct.

Answers

while a binding price floor is imposed on a market the quantity demanded is more than the quantity demanded without the price floor


A price floor is defined as the prison binding on the rate wherein the charge is decrease than the market fee. a binding charge floor increases the rate of a very good above the equilibrium fee. This leads to a reduction in call for and an growth in deliver. amount furnished will exceed the amount demanded, which results in a surplus of goods inside the market.price floors save you a price from falling beneath a certain level. whilst a price floor is about above the equilibrium price, amount supplied will exceed quantity demanded, and excess supply or surpluses will end result.


To understand greater approximately price floor click on here
Brainly.com/question/13335147
#SPJ4

5. What is the definition of a want? O A. Something you would like to have but will be okay without it. B. Something that is required or very important. O C. Something you can have every other day. D D. None of the above.​

Answers

Answer: A

Explanation:

:)

Answer:

A bc it is means to want sum

how do people help millions 100 millions of people? 99 points for answering

Answers

Answer:

Well first, you must know there are a few requirements.

be a natural-born U.S. citizen of the United Statesbe at least thirty-five years oldbe a resident in the United States for at least fourteen years.

Then you would be helping more than 350 million people a day!

Explanation:

Other Questions
not sure if u can do it without a protractor but please help Right or wrong I assumed this ground and now avow it .I could not feel that to the best of my ability I had even tried to preserve the constitution if to save slavery or any minor matter I should permit the wreck of government country and constitution altogetherI assumed this ground and now avow it. Use context to determine the meaning of the words in bold A. I created this situation for others and now I regret it.B. I thought this was true and now I know I was wrongC. I said these words and now I want to take them backD. I made this decision and now I knowledge it write a letter something to someone or requesting someone to do something if a person drank a large quantity of hypersaline ocean water, the person could die because absorption of salt into the blood will cause it to become: If the sum of the interior angles of a polygon is 4680, how many sides does the polygon have? The slope of the line that passes through the point (2,4)and (3,8) is how to describe a neuron and all of it's part and how they work together Explain how the Treaty of Guadalupe Hidalgo changed the United States' southern border. Discuss the possible consequences oscar pistorious may have had to face in his personal life due to the negative media coverage and provide a reason for your answer A right triangle has side lengths 45 millimeters, 108 millimeters, and 117 millimeters. What is the length of the hypotenuse and why?117 millimeters, because it is listed last.117 millimeters, because the hypotenuse is the longest side.45 millimeters, because 45 is half of 90 and a right angle is 90.45 millimeters, because the hypotenuse is the shortest side.Submit A triangle has an area of 35 cm. The base and height are scaled by a factor of 4. What is the area of the resulting triangle? Enter your answer in the box. cm Armen la istoria i antes, despues,Finalmente1 - Que informacion nos brinda las causas de la coronacin de iturbide?Libro de espaol quinto grado pagina 10 if you have 6 pieces of bread and 4 slices of cheese, how many cheese sandwiches, as defined by the picture to the right, can you make? explain why. Question in image below Can you please help me??? what does your team present as the best approach to addressing this problem? announcements from dept. managers and email reminders about computer use etiquette at work that rely on common sense principles new, more detailed aup (acceptable use policy) documentation with regular emails explaining the need for these changes and how they better serve the company and employees reading jen's assignment is to read at least 85 pages of a novel. jen has read 31 pages. how many pages p does jen have left to read? write an inequality that represents this situation. then solve the inequality. inequality: p + solution: p How many solutions are there to this nonlinear system?10A. One solution5B. No solutionsC. Two solutionsX-10-5510-5-10 When you begin designing a program, you work from a ____, a description of what your program should do. nowakowski l, barfield wd, kroelinger cd, et al. assessment of state measure of risk-appropriate care for very low birth weight infants and recommendations for enhancing regionalized state systems. matern child health j. 2012:16:217-227.