The first answer is C and the second one is False
hope it helps
Answer:
Please see the solution below:
Explanation:
Machine A:
<em>(i) Total </em>Machine A<em> Cost
</em>
Purchase Price = $37,500
Sales Tax = $3,600
Shipping Cost = $100
Insurance during shipping = $50
Installation and Testing Cost = $120
Total Machine A cost = $41,370
<em>(ii) Depreciation
</em>
Recorded Cost = $41,370
Less: Salvage Value = $5,950
Useful Life = 5 years
Straight Line Method is used to find depreciation per yer will be:
Depreciation = $7,084
(1) The Journal Entry to record purchase of equipment (Machine A)
<em>January 1, 2017
</em>
Dr. Equipment $41,370
Cr. Cash $41,370
(2) The Journal Entry to record annual depreciation (Machine A)
<em>December 3, 2017
</em>
Dr. Depreciation $7,084
Cr. Accumulated Depreciation - Equipment $7,084
My mom is not sure but she thinks it's
b)after they have produced their product and are going to market
Answer:
For an operating lease
Explanation:
Operating leases are simply expensed in the period in which they occur. There is no finance cost portion relating to the lease and the amount payable is recognised as an expense in the income statement for the period for which it's relevant.
When Haddock, Inc. adheres to the ethics of preventing air pollution, littering, and waste management, they are essentially adhering to business ethics and servicing <u>government</u> and <u>communities</u> stakeholders.
<h3>Who are the stakeholders of a business?</h3>
A stakeholder is a person or an entity that has some vested interests in a company because they can either affect or be affected by a business' operations and performance.
Typically, an entity's stakeholders include the following groups:
- Investors
- Employees
- Customers
- Suppliers
- Communities
- Governments
- Media
- Trade associations.
Thus, when Haddock, Inc. adheres to the ethics of preventing air pollution, littering, and waste management, they are essentially adhering to business ethics and servicing <u>government</u> and <u>communities</u> stakeholders.
Learn more about stakeholders at brainly.com/question/24432365