Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. alice acquired a $100,000 business machine and ded

Alice acquired a $100,000 business machine and deducted $70,000 depreciation before selling it for $80,000....

50.1K

Verified Solution

Question

Accounting

Alice acquired a $100,000 business machine and deducted $70,000 depreciation before selling it for $80,000. What is the overall gain and what is the amount of the recapture?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Determine a vector equation for the plane containing the points O(0,0,0), A(-1,2,5), and C(3, -1,...

Calculus
Q

Write 94 as a traditional Chinese numeral Click here to view the Chinese numerals table...

Calculus
Q

How does the COVID-19 pandemic create the bullwhip effect in the food and hygienic products supply...

Operations Management
Q

We’re going to titrate formic acid with the strong base, NaOH. There is initially 100. mL...

Chemistry
Q

C++ How to make this code take a class object instead of int for the vector...

Programming
Q

Fostering Innovation This activity is important because as a manager, you must be able to create...

General Management
Q

Find dy by implicit differentiation x y y x da

Calculus
Q

Solve this equation to find x 4 86x 164 500 X 4 86 x 164...

Algebra
Q

16 Test the convergence of the series 22 1 3 22 42 1 3 5...

Algebra
Q

6 Kristen is solving a radical equation and determines that the equation has no solution...

Algebra
Q

There is $4,000 of wages owed to employees at year-end. A count of...

Accounting
Q

Question #1 Point amusement park management is preparing the park's annual promotional plan for the...

Accounting