In january 2014, s company, an 80% owned subsidiary of p company, sold equipment to p company for $990,000. s company's original cost for this equipment was $1,000,000 and had accumulated depreciation of $100,000. p company continued to depreciate the equipment over its 9 year remaining life using the straight-line method. this equipment was sold to a third party on january 1, 2017 for $720,000. what amount of gain should p company record on its books in 2017?
a. $30,000.
b. $60,000.
c. $120,000.
d. $180,000.

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?

Shawn received an e-mail offering a great deal on music, movie, and game downloads. he has never heard of the company, and the e-mail address and company name do not match. what should shawn do?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.