Answer:
(a)-debit to accumulated depreciation of $40,000
(b)-debit to loss on impairment of $12,000
(c)-credit to assets of $52,000
Explanation:
There will be a debit to accumulated depreciation to the total of $40,000 to show the accumulated depreciation so far.
There will be a debit to loss on impairment of $12,000 because the net book value after depreciation is to be $60,000 yet an impairment loss was indicated that took this value to $48,000 so then the impairment loss must be 60,000 - 48,000 which is $12,000.
The assets will be credited to the tune of $52,000 as their balance needs to be reduced by the accumulated depreciation and the impairment loss.
Answer:
A) Simple random sample
B)Cluster sample
C)Convenience sample
Explanation:
A is simple random sample because each item in it has an equal chance of selection in the sample.
Cluster is used here to divide the states into regions and then assigning codes to them.
Whereas third one is convenience sampling because sample is formed from information that is close to hand
Using a financial calculator, input the blank interest rate as a percentage to determine the annuity's present or future value.
- An interest rate provides information on how costly borrowing is or how profitable saving is. As a result, the amount you pay for borrowing money, stated as a percentage of the total loan amount, is the interest rate if you are a borrower.
- An interest rate is a fee that a lender assesses to a borrower; it is calculated as a percentage of the principal, or the loaned amount. The annual percentage rate, or APR, is typically used to express the interest rate on a loan.
- You may calculate the future value, periodic payment, interest rate, number of compounding periods, and PV using this financial calculator. Each of the tabs that follow represents a parameter that has to be calculated.
Thus, this is what interest rate means.
To learn more about interest rate, refer: brainly.com/question/25816355
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Answer:
Date Account Title Debit Credit
Dec 11, 2018 Interest receivable $20,600
Interest revenue $20,600
Explanation:
The interest receivable on December 31, 2018 would be based on the lease amount at the end of the year which will be the present value of the lease less the lease amount paid for the year:
Lease amount = 240,000 - 34,000
= $206,000
Interest receivable = 206,000 * 10%
= $20,600
