In case of liquidation of fixed assets that are still of use value and cash collection, the following accounts shall be recorded: A. Decrease in cost and increase in depreciation
B. Increase costs, decrease income; C. Increase income, reduce costs.
D. Increase costs, increase income

Answers

Answer 1

When there is the liquidation of fixed assets that are of use-value with cash collection, the accounts recorded are as follows C. Increase income, reduce costs.

The income increases because of the cash collection from the liquidation. The fixed assets' accounts are credited (reduced) with the costs.

Then debit the accumulated depreciation account with the amount of its balance. A new account called the "Sale of Fixed Assets" account opens.

The "Sale of Fixed Assets" account is debited with the costs and credited with the accumulated depreciation and the cash proceeds from the disposal.

Thus, the difference is an increase in income (profit) if the credit side exceeds the debit side of the "Sale of Fixed Assets" account.

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Related Questions

Diwali is an important holiday in India. During this celebration, Rangoli is created and put on the floors and courtyards of homes. The Rangoli is used to welcome Hindu gods into the house. It is created to honor the "festival of lights" or Diwali. Diwali celebrates the Hindu belief in the triumph of good over evil. How does Rangoli reflect Indian culture?
A. it celebrates Indian religious traditions
B. it is a simple decoration
C. it helps light the path for the home
D it represents war​

Answers

Answer:

the answer is option A

Explanation:

because it shows the tradition

Answer:

You can basically click all of them

Explanation:

I took it on Edge

Why do the Federalists fear the election by a Democrat Republican?

Answers

Answer:

Federalists were primarily supported by businessmen who believed that a strong central government provided security for the newly developing nation. They feared that putting the power in the hands of states might lead to revolts against the federal government and eventually weaken the economy.

Explanation:

Adler owes Perreault, a police captain, $500. Adler threatens Perreault that unless Perreault gives him a discharge from the debt, Adler will disclose the fact that Perreault has on several occasions become highly intoxicated and has been seen in the company of certain disreputable persons. Perreault, induced by fear that such a disclosure would cost him his position or in any event lead to social disgrace, gives Adler a release but subsequently sues to set it aside and recover on his claim. Will Adler be able to enforce the release

Answers

Answer:

No Alder will not be able to enforce the release

Explanation:

In the given scenario Alder is trying to use duress and blackmail techniques to force Perreault to release him from his debt obligations.

However Perreault induced by fear gives Adler a release but subsequently sues to set it aside and recover on his claim.

Alder will not be able to enforce the release because it was obtained under duress.

Under contract law the release is not valid.

What was the result of the plan for Quebec to separate from Canada?

Answers

Answer:The Quebec sovereignty movement is a political movement as well as an ideology of values, concepts and ideas that advocates independence for the Canadian ...

Explanation:

Did the Mongols invaded Korea known as Gloria all the time on several occasions between the year 1231 and 1270 which statement is true of those invasions

Answers

don’t believe the person above me it’s a scam . it’s also annoying i’m sorry about that

What are the differences between income and profit?

Answers

Answer:

Investors use profit to figure out how much money a business makes from the manufacture and selling of its products and services. The term income is often interchanged with profits. Net profits, on the other hand, is the profit left over after all expenses and costs have been withdrawn from sales. Investors use income or profit to assess a company's overall performance, which represents how well it has been managed.

Explanation:

Who has the following point of view?
Connecting refugees to the Internet will help
them solve other survival problems.

A
the United Nations

B
Blair Levin

С
Reliance Jio Infocomm

D
Mukesh Ambani

Answers

Answer:

b

Explanation:

Dr. White reads about a new theory that states that depression is caused by increased levels of estrogen in the womb. To test this theory, she conducted a study comparing the level of estrogen in amniotic fluid in individuals who were later diagnosed with depression with the level of those who did not develop depression. Dr. White found no differences between the groups in estrogen levels in the amniotic fluid. In this study, estrogen levels in participants were the

Answers

Answer:

Data

Explanation:

Data

Is simply defined as the gathering (collection) of information. The information sometimes can be facts, number or measurement.

In research, data can be either qualitative or quantitative.

Qualitative data are simply data that are open. They are subjective approach to data collection. It is used for preliminary investigation of new areas of inquiry. It involves small samples and has no concern with generalizability.

Quantitative data is objective in nature. It is planned approach to data collection. It involves large samples and it aim to generalize to other populations.

Data collection methods includes

1. Public and private records

2. Detached observation

3.interviews

4. Surveys/questionnaires and others

Many thousands of people traveled to New England each year to see the beauty of the?

Answers

I'm sorry, can you give more information?

Answer:

leaves

Explanation:

Traditional economies depend on what three things?

A. fishing, shopping, and selling

B. boating, running, and fishing

C. hunting, fishing, and gathering

D. hunting, basket weaving, and singing

Answers

Answer:

C. hunting, fishing, and gathering

Answer:

C

Explanation:

Traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of the above. They use barter instead of money. Most traditional economies operate in emerging markets and developing countries. They are often in Africa, Asia, Latin America, and the Middle East.

(not 100% sure though)

Find the mean of the data

3,5,7,3,6,4,8,6,9,5

Answers

Answer:

the Mean(average) 5.6

Explanation:

Which of the following best describes how Zimbabwe won majority rule?

Answers

Answer:

a.  After a long and bloody guerilla war.

Explanation:

Which is the most important reason to consider the consequences of a wrong decision?

Answers

Answer:

You might get shunned socially, by your family or by your friends

Explanation:

Alice was briefly married at the age of 16. She is now 28 years old and plans to marry Henry in the spring. Henry's sister found out about Alice's first marriage and then told Henry's parents. Alice now wants to sue Henry's sister for public disclosure of private facts. Does Alice have a case against Henry's sister?

Answers

Answer:

No, because marriage is a public and not a private fact.

Explanation:

From the question we are informed about Alice who was briefly married at the age of 16. She is now 28 years old and plans to marry Henry in the spring. Henry's sister found out about Alice's first marriage and then told Henry's parents. Alice now wants to sue Henry's sister for public disclosure of private facts. In this case, Alice does not have a case against Henry's sister because marriage is considered a public and not not considered a private fact. Private facts can be regarded ones personal details which has not been disclosed in the public domain. These could be private romantic encounter or someone sexual orientation. Immediately this personal details get disclosed publicly by the person, it is considered as "public fact" because it has moved into the public domain. Public disclosure of fact is passing across of fact-at-issue on to public, so that the fact can public knowledge.

Who was the first latino to serve us senate

Answers

Answer:Octaviano Ambrosio Larrazolo

Explanation:In 1928 Mexican-born Octaviano Ambrosio Larrazolo became the first Hispanic American to serve in the U.S. Senate when he was elected to complete the unexpired term of New Mexico senator Andrieus A.

need help pls giving brainliest

Answers

I believe it is they lost their holy land

Answer:

They lost their holy land

Explanation:

I hope this helps!

gather and inspect at least 5 available tools and materials in carpentry in your house

Answers

Answer:

1. Jack Hammer

2. Sledge Hammer

3. Screwdriver

4. Rod Saw

5. Chainsaw

All of the tools in my house are safe and well

In space, astronauts don’t have gravity to keep them in place. That makes doing even simple tasks difficult. Gene Cernan was the first astronaut who worked on a task outside a spaceship. He said of the experience, “Every time I’d push or turn a valve, it would turn my entire body at zero gravity. I had nothing to hold on to.” As he worked, Gene Cernan’s heart rate and temperature went so high that his fellow astronauts worried that he wouldn’t survive.

Think about routine tasks that astronauts might need to do inside and outside a spaceship. Choose several tasks, and describe the features the ship and spacesuits should have to account for zero gravity as the astronaut completes the task. Use Newton’s laws of motion in your analysis.

Answers

Answer:

Think about routine tasks that astronauts might need to do inside and outside a spaceship. Routine things like using the bathroom, brushing your teeth etc. probably isn't as easy for astronauts in space newton laws of motion states  "if a body is at rest or moving at a constant speed in a straight line, it will remain at rest or keep moving in a straight line at constant speed unless it is acted upon by a force." for astronauts  you are in constant state of unbalancing you have no control of. simple things like drinking water that you have done countless times is now different. showering in space also isn't the same as you would do normally astronauts have to use liquid soap and water from pouches onto their skin they use rinse less soap with a little water to clean their hair.

Explanation:

Take a look at the Map.

1) What state is found at 45 degree N and 70 degree W.

2) what state is found at 35 degree N and 110 W.

3) What are the approximate of coordinates of South Dakota? (SD)

4) what is the approximate of coordinates of Mississippi? (MS).

NO LINKS PLEASE PLEASE PLEASE PLEASE.

please help please please please please please please please please please please please please please please please please please please please.​

Answers

Answer:

michigan, oklahoma sd= 45n  110w ms=33n 90w

Explanation:

How to draw a car?

48 points question

If u answer it right I will mark u as brainliest​

Answers

Answer:

1.)Draw two wheels.

2.)Add inside circles and a line.

3.)Draw front and back bumper.

4.)Draw the car body.

5.)Add front and back windows.

6.)Draw two side windows and lights.

7.)Add bumpers around the wheels.

8.)Draw a road and a background.

9.)Trace with marker and color.

Explanation:

This painting below depicts a very specific moment in history. Based off your knowledge from class it is safe to assume that this painting depicts the________ *
The resurrection of Christ

The Punic Wars

The voting process of the Roman Republic

The assassination of Julius Caesar

You can pick more than one

Answers

Answer: The assassination of Julius Caesar

Explanation:

Julius Caesar was perhaps the most famous Roman to ever live. He was the person credited with laying the foundation for the transition of Rome from Republic to empire. Julius Caesar had grown so powerful at some point that some people in the Senate decided to kill him to preserve Roman democracy.

To this end, they conspired against Caesar and when he came for a meeting in the Romans Senate, 60 conspirators pulled out knives and stabbed Caesar till he died. This event was famously depicted in the picture above.

send this to someone you love
I think I was searching for treasures or stones
in the clearest of pools
when your face…

when your face,
like the moon in a well
where I might wish…

might well wish
for the iced fire of your kiss;
only on water my lips, where your face…

where your face was reflected, lovely,
not really there when I turned
to look behind at the emptying air…

the emptying air.

Answers

Answer:

You

Sended

This

To

M

m

Me....?????

Explanation:

how did the reformation affect the renaissance

Answers

The Reformation, led to the founding of non-Catholic churches. This new technology helped spread the revolutionary ideas of the Renaissance and Reformation. The Renaissance opened the gates to a new religious world through the Protestant Reformation.

When sodium and chlorine are mixed

Answers

Answer:If sodium metal and chlorine gas mix under the right conditions, they will form salt. The sodium loses an electron, and the chlorine gains that electron. This reaction is highly favorable because of the electrostatic attraction between the particles. In the process, a great amount of light and heat is released.

Explanation:


A scientist is studying snakes in the tropical rainforest. She surveys a 1 square mile area.
She collects the following
data
Color Population Size Poisonous ?
green
45
green/brown 26
stripes
Iblack
12
red
Based on the evidence provided, what is the most likely explanation for the red snake population size? (SC.5.N.1.1)
The red snakes are not well hidden, so they are eaten by predators often
The green snakes and the red snakes are in competition for the same food.
The black snakes prey upon the red snakes during certain times of the year.
The red snakes have been killed off by the poisons they produce

Answers

b i believe, if i’m wrong i apologize might wanna wait for another answer

three possible consequences that corruption may have on a person's career ​

Answers

Corruption can put someone out of their work, they would have to start all over again, there chances of getting back up may be small

Corruption can cause a person to resign from their job, leaving them with little possibility of success.

What is the definition of corruption?

In an essence, corruption creates inequality, diminishes public accountability and political responsiveness, and so raises citizen discontent and unhappiness, increasing voters' willingness to tolerate (or even demand) harsh and illiberal policies.

Corruption is a type of dishonesty or a criminal offense committed by someone or something in a high-ranking position in order to get illegal advantages or to misuse power for personal gain.

As a result, three likely outcomes of corruption are increased inequality, less popular transparency, and decreased political responsiveness.

Learn more about Corruption here:

https://brainly.com/question/15270178

#SPJ2

who was the first person to make the hair dryer?! i need halo asap it is due in 30min​

Answers

Answer:

Alexander Godefroy

Explanation:

How did Samuel Morse's invention affect communication in the country? (2 points)

Group of answer choices

Allowed messages to be sent in seconds over long distances

Blocked people's ability to send messages east and west

Delivered messages to the wrong people

Slowed the delivery of messages over long distances

Answers

Answer:slowed the delivery of messages over long distance

Explanation:

Answer:

I think the answer is B

Explanation:

i hope this is correct and it helps you : )


How is racism socially constructed in our culture ?

Answers

Answer:

racism is  a social constuct, its like saying people with blonde hair and under people with brown hair. its made by society

Explanation:

can we be friends
(it will be really nice)

Answers

Answer:

Sue y not. But are u really good in history I need help

Explanation:

Answer:

I know i may be unwanted here but I just want you to know that you are incredible and that I love you for you! You are special to everyone you meet, and should not change who you are. I know your life may be tough, but you are strong and can get through it!

Explanation:

Other Questions
PLEASE HELP!!!!!!!!!!!!!Which option would be an appropriate model of nuclear fission?A. dividing a stack of paper equally between two peopleB. taking a teaspoon of sugar from a bowlC. disturbing a drop of water such that it breaks into smaller dropletsD. cutting a cake in half PLEASE HELPPP YOU HAVE TO CHOOSE ABOUT 3 ANSWERS!! List all the terms in the expression below 6X -10 Y +13 +5z Which equation is related to StartRoot x 10 EndRoot minus 1 = x? x 10 = x2 x 1 x 10 = x2 2x 1 x 10 = x2 1 x 10 = x2 1 Which of the following is NOT a disadvantage of personal interviews? Mae read a 403-page book in 13 hours. at this rate , how long will it take her to read a 248-page book? Pls help what is 46743356644 x 5545445555 which subject is better math or ELA a shop makes a profit of 2 750 in Marchit has an Easter sale and the profit for April is 3 126.50 work out the profit percentage increase what were the homes of the Pacific Northwest Indians made from HELP PLEASEThree unit squares (1-by-1 squares) and two line segments connecting two pairs of vertices are shown.What is the area of ABC? The U.S. government had every right to imperialize and acquire more territory? According to the authors, why is it inaccurate to assume there were a large number of "dial-turners" the night of the incident why should doctors take your blood pressure at the same part of your body every time? !!!!!!PLEASE I NEED HELP!!!!!! I WILL GIVE YOU BRAINLIEST!!!!!1.The product of two consecutive negative integers is 10506. Write a quadratic equation that you could solve to find the integers. how do you find your claimant id number for unemployment The area of a square is 676 square feet. what is the perimeter of the square? 4. Which structure is not unique to plant cells? I need help with this please which two phrases best explain major direct results of the fall of the roman empire?