On April 1, 2021, Part Year Co. sells equipment that originally cost $100,000 for $30,000 in cash. The asset had a useful life of 10 years and no salvage value. The equipment has $80,000 of accumulated depreciation as of Dec 31, 2020. In the journal entry to recognize the sale and receipt of cash, how much total accumulated depreciation does Part Year debit?

Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)