Gaston Owns Equipment That Cost $90,500 with Accumulated Depreciation of $61,000.Gaston

question 129

Multiple Choice

Gaston owns equipment that cost $90,500 with accumulated depreciation of $61,000.Gaston sells the equipment for $26,000.Which of the following would not be part of the journal entry to record the disposal of the equipment?

• A)Debit Accumulated Depreciation $61,000.
• B)Credit Equipment $90,500.
• C)Debit Loss on Disposal of Equipment $3,500.
• D)Credit Gain on Disposal of Equipment $3,500.
• E)Debit Cash $26,000.

Explain the role of compensation and benefits as a function of human resource management.

Understand the significance of training and development in enhancing employee skills and organizational performance.

Comprehend the concept of performance management and its impact on achieving organizational objectives.

Discuss the importance of maintaining positive employee relations and its role within human resources management.

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Definitions:

Regular Time Cost

The cost associated with employees' wages during their standard working hours, excluding overtime compensation.

Over Time Cost

The additional expenses incurred due to operations extending beyond the normal working hours, including but not limited to wages for overtime work.

Marginal Subcontracting Cost

The increased cost associated with subcontracting an extra unit of production or service.

Layoff Cost

Expenses associated with reducing the workforce, including severance pay, benefits continuation, and related administrative costs.