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

You might also like to view...

When drawing conclusions, make sure you use consistent evaluation criteria

a. true b. false

Business

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?

A) $63,100 B) $67,900 C) $82,100 D) $65,500

Business