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 USPS tracking information, what does this mean?
I'm expecting something in the mail. I have a tracking number & today I checked the status of my package at USPS.com it says it's in transit &...

May, 28 2010
10:34A...


 Do I have to print the shipping labels on eBay when I sell an item?
I just sold something and was just going to go to the post office and send it myself. I'd rather not pay for the label. Is it absolutely necessary (meaning will I be penalized through eBay if I ...


 has GTA changed your way of life?
...


 gotta big test tomorrow.. for accounting/finance.. please help?
1) When a business enterprise enters into what is referred to as off-balance-sheet financing, the company
a) is attempting to conceal the debt from shareholders by having no information about ...


 Is the unemployment right up way higher then expected?
I mean think about it. They will say that 9.9% of the population is unemployed because they APPLIED for unemployment. When in reality the there are more people who are unemployed who havent applied ...


 what does it mean if an organization is non profit?
for example, the st jude children's hospital is non profit but the employees still get paid. how is it non profit then?...


 If I ordered something on Saturday and I was told it would be here in 5 business days, when will it arrive?
I ask this because I dont know if Saturday counts as a business day or ...


 How do u pay FEES for EBAY when i sell item?
Does that do it automatically or do i have to go somewhere in ebay to pay for it? H...


 I like to Know i get a check in the mail from Occidental Fire & Casualty Company?
I like to know if this check is real it has a p o box 13119 14505 n Hayden road Scottsdale, AZ 85267...


 how much is a 1941 walking liberty worth?
it is not worth much right. well i do not ...


 do anyone know or have instructions on how to make a dollar bill rosre?
craft money ...


 Can anybody give me some recommendation where I can buy wirebound writing pads?
Yesterday I tried to get wirebound writing pads in a website and I got a trouble with my card. Recommend me please where to buy them by Mastercard?
Thanx in advance for any suggestion!...


 Help...ASAP! I need to know how to bid a "commercial janitorial" job...?
I recently (6 months ago) started working for a small housecleaning company. Business is "booming"! However, my boss decided to expand "our" horizons ie: big ad in the new "Y...


 Are we..the consumers..getting ripped off by recycling?
Someone is saving money..it sure isn't me....


 Can a 16 year old sell her old jewelry without an i.d.?

Additional Details
does a student i.d count? :...


 anyone who live in usa can help me to call BOA to cancel a check?
Hi,everyone. I am in China. I have a BOA account.Someone steals my account and send a check to himself. I cant cancel this check on net. And i cant call BOA now for communication. anyone can help me ...


 Okay I have looked absolutely everywhere for Lifo and Fifo information.?
I don't understand it one bit. Here is my question for homework.

Snoslope sells a snowboard, Xpert, that is popular with snowboard enthusiasts. Below is information relating to S...


 FIFO ACCOUNTING PLEASE HELP!?
Stellar Inc.'s inventory records show 300 units on hand on November 1 with a unit cost of $4 each. The following transactions occurred during the month of November:


_____________...


 What are good subjects to prepare to get into the business/economic field?
...


 ACCOUNTING QUESTION HELP PLEASE!!!?
Folmar Co. is considering the following alternative financing plans:
Issue 10% bonds (at face value) ...........$ 2,000,000
Issue preferred $1 stock, $5 par.............$0.00 (This was ...



W
Accounting help and I am confused on this one.?
An asset's book value is $36,000 on January 1, 2007. The asset is being depreciated at a rate of $500 per month on the straight-line method. Assuming the asset is sold on July 1, 2008 for $25,000, the company should record:
Answer
neither a gain nor loss is recognized on this type of transaction.
a gain on sale of $2,000.
a gain on sale of $1,000.
a loss on sale of $2,000.
                     
 




dana
Rating
depreciation does not change the income/cash coming in or going out of the main transactions of the business/firm ; so answer must be neither a gain nor loss


KlemKiddleHopper
Loss of $2,000

Original Cost $36000 less depr $9,000 = $27,000 net book asset value 7/01/08

book value $27,000 less cash received $25,000


Adrian
loss of sale of 2000

it's been depreciated for 18 months. 18*500=9000. fair value of asset is 27,000 (36000-9000).


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