Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 9.00

CJ’s Pizza

CJ’s Pizza purchased a delivery van on January 1, 2012, for $25,000. In addition, CJ’s paid sales tax and title fees of $1,000 for the van. The van is expected to have a four-year life and a salvage value of $6,000.

Required
a. Using the straight-line method, compute the depreciation expense for 2012 and 2013.
b. Assume the truck was sold on January 1, 2015, for $12,000. Determine the amount of gain or loss that would be recognized on the asset disposal.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 May 2018 07:05 PM My Price 9.00

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