averiemiranda1
27.12.2020 •
Business
A piece of equipment is purchased by Great Notch Corporation on January 1 for $46,200. It is expected to have a useful life of four years after which it will have an expected residual value of $6,300. The company uses the straight-line method of depreciation for their equipment. If it is sold for $32,600 exactly two years after it is purchased, the company will record a: Multiple Choice gain of $7,250. gain of $6,350. loss of $6,350. loss of $7,250.
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Ответ:
gain of $6,350.
Explanation:
Depreciation expense each year = (cost of asset - residual value) / useful life
($46,200 - $6,300) / 4 = $9,975
Depreciation expense after two years = $9,975 x 2 = $19,950
Value of the equipment in two years = $46,200 - $19,950 = $26,250
If the equipment is sold for $32,600, the equipment would be sold at a profit
Profit = $32,600 - $26,250 = $6350
Ответ:
@AdiPra
Explanation:
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