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Nina [5.8K]
2 years ago
15

Adjusts the accounts at the end of each month. cruella's adjusting entry at the end of february should include a debit to rent e

xpense in the amount of:________
Business
1 answer:
Sauron [17]2 years ago
8 0

After each month, adjust the accounts. Cruella's adjusting entry at the end of February should include a debit to rent expense for $100.

<h3>What is an adjusting entry?</h3>

Adjusting entries refer to a set of journal entries recorded at the end of the accounting period to have updated and accurate balances of all the accounts. The main purpose of adjusting entries is to communicate an accurate picture of the company’s finances. The management can have a proper look into the financial statements knowing that Everything that occurred during the month is reported, even if the financial part of the transaction would have been warranted to have occurred at a later stage.

To learn more about adjusting entries, visit;

brainly.com/question/4035835

#SPJ4

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1   1.127,00  

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3 years ago
A video-recording system was purchased 4 years ago at a cost of $37,000. A 5-year recovery period and DDB (Double Declining Bala
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Answer:

The trade in value is higher than the book value by $ 205

Explanation:

Computation of Book value

In a double declining balance method of depreciation, the rate of depreciation is double the straight line rate and is depreciated on a declining balance.

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Estimated useful life ( Recovery Period)                                             5 years

Straight Line Depreciation rate                                                            20 %

Double declining Method depreciation  rate                                      40 %

Cost                                                                                                     $ 37,000

Depreciation for year 1   at 40 %                                                        <u>$(14,800)</u>

Depreciable basis for year 2                                                              $ 22,200

Depreciation for year 2   at40 %                                                       <u>$ ( 8,880)</u>

Depreciable basis for year 3                                                              $  13,320

Depreciation for year 3   at 40 %                                                        <u>$ (5,328)</u>

Depreciable basis for year 4                                                               $   7,992

Depreciation for year 4   at 40 %                                                        <u>$    3,197) </u>

Depreciable basis for year 5                                                                $  4,795

The depreciable basis for year 5 is the net book value after 4 years

The trade value is                                                                                  $ 5,000

The trade in value is higher by                                                             $     205

8 0
3 years ago
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Wittaler [7]

Answer:

$320,000

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So by putting values we have:

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Tanya [424]

Answer:

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whereas,  Firm L is leveraged firm which has 50% debt and 50% equity

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The rest information which is given in the question is irrelevant. So, it is ignored.

Thus, the Firm L has a lower ROE than Firm U

Hence, the correct option is a.

4 0
3 years ago
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