Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fournier inc. had a machine that cost $50,000 6 ye

Fournier Inc. had a Machine that cost $50,000 6 years before and was being depreciated...

70.2K

Verified Solution

Question

Accounting

Fournier Inc. had a Machine that cost $50,000 6 years before and was being depreciated on a straight-line basis over 10 years with no estimated scrap value. The machine was sold at the beginning of the year for $16,900. Calculate the amount of the loss that should be considered when computing the Cash Flows from Operating Activities.

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

Suppose frequency of emitted photon is fo when electron of a stationary hydrogen atom jumps...

Physics
Q

Describe the components of the healthy philosophy of winning that is taught in MAC, and indicate...

Psychology
Q

According to the Eight Dimensions of Quality how can "Durability" be applied in Qatar Airways company?

General Management
Q

46 What type of economic system does the United States have A traditional economy B...

Basic Math
Q

The price of a new Honda Civic is 25000 The car has a depreciation rate...

Basic Math
Q

At a concession stand, seven hot dog(s) and four hamburger(s) cost $16.00; four hot dog(s)...

Basic Math
Q

Given that x = 15, and y = 60, determine which segments orlines are parallel,...

Basic Math
Q

For the following set of data find the percentage of data within 2 population standard...

Algebra
Q

I Functions ind the horizontal asymptote if any of the gr 7x 3 2x 5...

Algebra
Q

Firm X has a production process that has a total joint cost of $40,000. At...

Accounting
Q

Sara has just graduated from college. She has determined that to purchase a home in...

Accounting
Q

Respond to the prompt above in a minimum of 175 words: Land value is a...

Finance