The Pizza Store trades in a delivery car for a newer model. The old delivery car has a cost of $ 9 comma 000 and accumulated depreciation of $ 7 comma 000. The Pizza Store pays cash of $ 6 comma 000. The fair value of the newer car is $ 17 comma 000. What is the gain or loss for the Pizza Store on the exchange of vehicles?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The Pizza Store trades in a delivery car for a newer model. The old delivery car has a cost of $ 9 comma 000 and accumulated depreciation ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Amazon, the largest online retailer, has experimented with physical stores and recently bought Whole Foods. Whole Foods has almost 500 stores and gives Amazon facilities for rapid physical expansion. The general insight here is that
Answers (1)
On January 1, a company issues bonds dated January 1 with a par value of $290,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31.
Answers (1)
Given an anticipated inflation premium of 1.25% and a real rate of interest of 3.75%, what is the nominal interest rate? Round your answer to 4 decimal places. Group of answer choices
Answers (1)
Bond X and Bond Y are both issued by the same company. Each of the bonds has a face value of $100,000 and each matures in 10 years. Bond X pays 8% interest while Bond Y pays 7% interest. The current market rate of interest is 7%.
Answers (1)
How are laws different from ethics
Answers (1)
New Questions in Business
What luxury good is produced in mongolia?
Answers (1)
Which agency has the primary responsibility for diplomacy?
Answers (1)
What determines whether the buyer is satisfied or dissatisfied with a purchase? a. the relationship between the consumer's expectations and the product's perceived performance b.
Answers (1)
Kramer Manufacturing produces blenders. Its total fixed costs are $30,000. Its variable costs are $55.00 per blender. As production of blenders increases (within the relevant range), fixed costs will
Answers (1)
Richard, age 50, is employed as an actuary. For calendar year 2019, he had AGI of $130,000 and paid the following medical expenses: Medical insurance premiums $5,300 Doctor and dentist bills for Derrick and Jane (Richard's parents) 7,900 Doctor and
Answers (1)