Answer:
A. $119,000
B. 10%
C.$11,900
Explanation:
Deprecation is a method used in expensing the cost of an asset.
The depreciable cost = Cost of asset - Salvage value = $123,800 - $4,800 = $119,000
The straight line rate = 1/10= 0.1 = 10%
annual straight-line depreciation = depreciable cost × straight line rate = $119,000 × 0.1 = $11,900
I hope my answer helps you
Answer: Debit Accounts Receivable $1,000, credit Service Revenue $1,000--A
Explanation:
When services are provided to customers for cash directly, The account to record is to debit from Cash and credit Service Revenue but when services are provided on account, The journal to record includes a debit to Accounts Receivable and Credit to Service Revenue
Therefore
Providing services to customers for $1,000 on account is recorded as:
Accounts titles Debit Credit
Accounts Receivable $1,000
Service Revenue $1,000
Answer:
89.5%
Explanation:
If Marcy final exams is worth 30% of the grade, then (100 - 30)% must be for others such as quizzes, assignments, and CA
Her final score therefore = ((85/100) × 70%) + 30% since she made 100% in her final exams = 59.5 % + 30% = 89.5%
Answer:
loan to value = 80%
Explanation:
given data
contract price = $100,000
mortgage loan = $80,000
appraised value = $110,000
solution
we get here loan to value ratio that is
loan to value = .................1
here lender use less of contract price or appraised value
so put here value in equation 1 we get
loan to value =
loan to value = 0.80
loan to value = 80%