On january 1, 2013, a company sold a piece of equipment for $30,000 which it had used for several years. the equipment had cost $45,000, and its accumulated depreciation amounted to $20,000 at the time of the sale. what are the net effects on the accounting equation of selling the equipment? a. assets and shareholders' equity increase $30,000. b. assets and shareholders' equity increase $5,000. c. assets and shareholders' equity decrease $5,000. d. assets decrease and shareholders' equity increases $5,000

The legal form of business ownership that is owned by many people is called a

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.