Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. disposal of assets a company has an inventory of 3

Disposal of Assets A company has an inventory of 3,500 different parts for a line...

80.2K

Verified Solution

Question

Accounting

Disposal of Assets A company has an inventory of 3,500 different parts for a line of cars that has been discontinued. The net book value (NBV) of this inventory is $65,000. The parts can be either remachined at a total additional cost of $32,500 and then sold for $45,000 or sold as-is for $3,250.
Required:

Calculate the net benefit or loss of remachining the parts instead of scrapping them.

May I please receive a step-by-step walkthrough of each step.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Use an identity to solve the following equation on the interval 0 2 2 sin2x...

Psychology
1.2K views

1) How were men and women treated before women had equal rights? How did it Affect women...

Physics
1.2K views

A simple pendulum attached to the celling of a stationary lift has time period T...

Physics
1.2K views

1 THE FORCE EXPERIENCED BY A POSITIVE CHARGE q MOVING WITH A VELOCITY V PERPENDICULAR...

Geometry
1.2K views

1 In the following diagram A f h B g C ABC is a triangle...

Basic Math
1.2K views

Find all real solutions of equation 4x + 5x - 4 = 0.Does the equation...

Basic Math
1.2K views

Consider the following equation of a circle.(x - 3) + (y - 3) = 16Graph...

Statistics
1.2K views

The two way table shows if campers can or can t swim Boys Girls Total...

Accounting
1.2K views

Refer to the Profitability Analysis Dashboard below and answer the questions. Net Income...

Accounting
1.2K views

Exercise 23-11 Condensed financial data of Concord Company for...

Accounting
1.2K views

Simpson Manufacturing has the following standard cost sheet for one of its products: The company...

Accounting
1.2K views

Maejung Company had a transaction that caused a $100,000 increase in both assets and stockholders...