Equipment costing $420,000 with accumulated depreciation of $140,000 is sold for $255,000. The result is:

Using the Aspen investment information above, Redwood applies the equity method because:

A truck costing $150,000 with a residual value of $10,000 and a five-year life records annual depreciation of:

Revenue is recognized when:

Using the Horizon Fabrication information above, the total capitalized cost of the equipment is:

Using the Northern Controls information above, the new depreciable base of the structure after impairment is:

An investor owning 40 percent of an investee that earns $300,000 recognizes:

Which account increases when income is earned and not distributed?

Prairie Ridge Construction Ltd. entered into a fixed-price contract at the beginning of 2025 to construct a custom manufacturing plant. The contract price was $2,400,000 and total construction costs were originally estimated at $1,920,000. During 2025, the company incurred $600,000 of construction costs and issued progress billings of $540,000. Revenue is recognized using the percentage of completion method. Early in 2026, rising costs caused the total estimated contract cost to increase to $2,200,000.

Which subtotal best reflects core operating performance before financing and taxes?