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Marriott International is a worldwide operator, franchisor, and licensor of hotels, residential, and timeshare properties totaling nearly $1.8 billion in net property and equipment. Assume that Marriott replaced furniture that had been used in the business for five years. The records of the company reflected the following regarding the sale of the existing furniture:Furniture (cost) ............................... $8,000,000Accumulated depreciation .............. ...7,700,000Required:1. Give the journal entry for the disposal of the furniture, assuming that it was sold fora. $300,000 cashb. $900,000 cashc. $100,000 cash2. Based on the three preceding situations, explain the effects of the disposal of an asset.
Select the correct items in the table.Shayla has a balance of $45.75 left on a gift card. There are several items she could purchase with the card, and their prices are given below.Item Costbook $8.25scarf $9.49bracelet $4.35craft kit $14.95board game $12.45Select each cell that contains a combination of items Shayla can afford to buy using only her gift card.3 books, 1 craft kit, and 1 bracelet2 scarves, 1 craft kit, and 1 board game1 book, 1 scarf, 1 craft kit, and 1 board game2 board games, 1 craft kit, and 1 bracelet4 bracelets and 3 scarves