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A used machine with a purchase price of $39,429, requiring an overhaul costing $9,017, installation...

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Accounting

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A used machine with a purchase price of $39,429, requiring an overhaul costing $9,017, installation costs of $5,921, and special acquisition Oa. $39,429 Ob. $81,027 Od. $122,625 On December 31, Strike Company sold one of its batting cages for $242,420. The equipment had an original cost of $285,200 and has accumulated depreciation of $42,780. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? Ob. loss of $(42,780) d. can't be determined with data provided Computer equipment was acquired at the beginning of the year at a cost of $55,824 that has an estimated residual value of $3,499 and an Oa. $14,950.00 Ob. $7,475.00 Oc. $8,474.71 Od. $7,974.86 Computer equipment was acquired at the beginning of the year at a cost of $61,700. It had an estimated residual value of $3,400 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation. a. Depreciable cost b. Straight-line rate % c. Annual straight-line depreciation

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