The manager at the Chesapeake Bay Crab House reported a current disposal value of an old fish processing machine at $8,200. The current book value on the old machine is $43,500
Required
Compute the loss on disposal of the old machine.
A) ($22,000 )
B) ($26,000 )
C) ($28,500 )
D) ($31,480)
E) ($35,300 )
E
Explanation: E) [($8,200 - $43,500 )] = ($35,300 )
Business
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A company received a bank statement showing a balance of $75,000. Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,500. What is the company's adjusted bank balance?
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