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Nina [5.8K]
2 years ago
12

In year 1, Crest Company purchased equipment for $75,000. Crest uses straight-line depreciation over a 5-year useful life with n

o residual value for financial reporting purposes. In year 1, tax depreciation was $30,000. At the end of year 1, the carrying value for accounting purposes is ______, and the tax basis is ______.
Business
1 answer:
Nookie1986 [14]2 years ago
4 0
C is what I got on this question right here
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_______ is part of the new social contract for employees.
lana [24]
I think the answer is e
8 0
3 years ago
At the beginning of the year, TRK started with $15,000 in beginning inventory. Throughout the period, TRK purchased $40,000 wort
serious [3.7K]

Answer:

$47,100

Explanation:

The cost of goods available for sale is the sum of the opening balance and the net purchases during the period.

The net purchases is the difference between the total purchases and the allowances and discounts and returns.

Hence,

Cost of goods available for sale

= $15,000 + $40,000 - $2,000 - $500 - $5,700 + $300

= $47,100

8 0
3 years ago
On June 1, Crane Company Ltd. borrows $99,000 from Acme Bank on a 6-month, $99,000, 8% note. The note matures on December 1. Cor
azamat

Answer:

Explanation:

The journal entry is shown below:

On June 1

Cash A/c Dr $99,000

    To Notes payable A/c  $99,000

(Being the amount borrowed is recorded)

For recording this transaction, we debited the cash account and credited the notes payable account so that the correct posting can be done

All other information which is given is not relevant. Hence, ignored it

7 0
3 years ago
In her interview with Dalton Conley, Devah Pager discusses her field work in Milwaukee and New York, in which she sent out job a
pychu [463]

Answer: Option (A)

Explanation:

Stigma is referred to as or known as the discrimination against or disapproval of, an individual based on the perceivable social standards or characteristics which serves in order to distinguish the individual from the other members of the society. These social stigmas are usually inclined towards the gender, culture, race, health and intelligence.

7 0
3 years ago
The unemployment rate is the percentage of the: Group of answer choices population that is unemployed. adult population that is
IRINA_888 [86]

Answer:

labor force that is unemployed.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.

The unemployment rate is divided into various types, these include;

1. Cyclical unemployment rate (CU).

2. Frictional unemployment rate (FU),

3. Structural unemployment rate (SU).

4. Actual unemployment rate (AU).

5. Natural Rate of Unemployment (NU).

Hence, the unemployment rate is the percentage of the labor force that is unemployed.

8 0
3 years ago
Read 2 more answers
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