Answer:
2017 depreciation expense= 10,060*3/12=$2,515
2018 depreciation expense=$10,060
Explanation:
The depreciation expense of machine for the whole year shall be calculated as follows:
Depreciation expense=[(89,920-9,440)/8]=$10,060
Since the machine is only used for 3 months in the year ended December 31, 2017, therefore the depreciation expense in 2017 will be calculated as follows
2017 depreciation expense= 10,060*3/12=$2,515
2018 depreciation expense=$10,060
Answer:
Total compensation earned by an employee before any deductions.
Explanation:
Gross pay is the total compensation earned by an employee before any deductions.
Net pay is the compensation after taxes and other deductions are removed
Positive economics avoids value judgments, tries to establish scientific statements about economic behavior, and deals with actual economic events.
<h3>What is positive economics?</h3>
This is an objective analysis that is done in the field of economics. This branch of economics is one that has to do with:
- description
- explanation
- quantification of different phenomena in the field of economics.
It is more focused on facts and also on cause and effect relationships on economic behaviors.
Read more on positive economics here:
brainly.com/question/14300080
Answer:
The correct answer is prepare financial statements.
Explanation:
The financial statements are the documents that the company must prepare at the end of the accounting year, in order to know the financial situation and the economic results obtained in its activities throughout the period.
