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maria [59]
1 year ago
10

A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine

is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?.
Business
1 answer:
saveliy_v [14]1 year ago
4 0

Answer:

We find the amount in accumulated depreciation by finding the depreciable value:

Asset Cost - Residual Value = Depreciable Value

$15,000 - $3,000 = $12,000

Now, let's divide this by 2 to find the amount in accumulated depreciation at the end of the second year:

$12,000 / 2 = $6,000

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Answer:

The correct options are Advanced degree after a traditional four year college degree and On the Job training Experience.

Explanation:

If I like to persuade my career in the Finance Field, I would definitely go for the Four Year degree program in finance and then do Advance education in the concerned field. Then i would like to get the on the job training experience in the finance department of a renowned company to have a true learning experience of the finance field in real time. This would prepare me to become fully knowledgeable about the finance matters before entering into the market as a finance professional. So getting advance degree after basic degree in finance and getting the on the job training would be my choices for Finance Careers.  

3 0
3 years ago
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The entry to record the distribution of the stock dividend would include
Iteru [2.4K]

The correct answer is B. A debit to common stock distributed.

<em>The entry will be stock dividends debit, paid-in capital which is in excess per common credit stock, stock dividends which are being distributed.</em>

In credit entry it records distribution and declaration of stock dividend which includes the debit to the retained earnings and also a credit to the common stock.

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3 years ago
Brittany and Brandon are both charged $250 for an office visit to the same specialist. Brittany's reimbursement policy has a ded
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Answer:

b) Brittany will pay more because she must pay the entire bill since she has not met her deductible while Brandon will have part of his bill paid by his policy.

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Answer:

D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500

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The journal entry to record the merchandise return is shown below:

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The IRR calculations use the same formula as NPV calculations. Keep in mind that the IRR is not the project's actual the dollar value. The annual return is what brings the NPV to zero. The IRR is calculated in the same way as net present value (NPV), except that it sets NPV to zero.

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