how to calculate gain on the sale of equipment
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how to calculate gain on the sale of equipment
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- What are the advantages of using the Dupont System to analyze the Return on Assets?How much should be recorded as cost of the new equipment acquired and as gain (loss) on exchange? *As a result of the transaction, what is the effect on the profit or loss? what is the cost of the new asset acquired? with computations
- What costs are included in determining the total cost of an asset? Why would a company include more than just the purchase price of an asset?What does the asset turnover ratio measure, and how is it calculated?What is book value (or net book value) of plant and equipment and on which financial statement is it reported? Book value is the difference between Accumulated Depreciation and market value, and it is reported on the income statement. Book value is the difference between historical cost and Accumulated Depreciation, and it is reported on the balance sheet. Book value is the difference between Depreciation Expense and Accumulated Depreciation, and it is reported on the balance sheet. Book value is the difference between historical cost and market value, and it is reported on the balance sheet.