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green company reports depreciation expense of $47,000 for year 2. also, equipment costing $161,000 was sold for a $5,700 gain in year 2. the following selected information is available for green company from its comparative balance sheet. compute the cash received from the sale of the equipment.

Answer :

The green company reports a depreciation expense of $47,000 for year 2, the cash received from the sale of the equipment is = S40700.

Purchase value of the sold assets is equal to 806000-645000, which is $1610000. Combined depreciation on sold assets = 535000 47000 456000 = S126000 Net book value of sold assets is equal to 161000 – 126000, or S35,000. Net book value plus gain on the sale of the equipment multiplied by the cash received makes S40700. Musical Company features music and lyrics by Stephen Sondheim with a story by George Furth. A record-breaking 14 Tony Awards were nominated for and six were given to the original 1970 staging. Company was written in a non-chronological, linear fashion. Any exchange of tangible or intangible commodities, services, or assets for cash between two or more persons is referred to as a sale. In some situations, a seller is compensated with assets other than cash. An example of a sale is purchasing something from a physical store or an online retailer. Wherever you make a request, the merchant will respond. The sale occurs when you pay for the item and purchase it.

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