Answer:
<u>Depreciation expense per year</u>
Year 1 = $1200
Year 2 = $800
Year 3 = $600
Year 4 = $300
Year 5 = $100
Explanation:
To determine the depreciation expense under the units of production/activity method of charging depreciation, we will first calculate the depreciation expense per unit and then multiply it with the units of production in each year to calculate the depreciation expense for that year.
The formula for depreciation under this method is attached.
Depreciation per unit = (3000 - 0) / 30000 = $0.1 per copy
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<u>Depreciation expense per year</u>
Year 1 = 0.1 * 12000 = $1200
Year 2 = 0.1 * 8000 = $800
Year 3 = 0.1 * 6000 = $600
Year 4 = 0.1 * 3000 = $300
Year 5 = 0.1 * 1000 = $100
The par value of an inventory is the fee in line with proportion assigned by way of the enterprise that problems it, regularly set at a totally low amount which includes 1 cent. Stocks are issued without a particular minimum price. Neither form has something to do with the real price of marketplace proportion.
Shares include stocks wherein the possession of a organisation or business has been divided. One share represents a partial ownership interest in the organisation over the total variety of shares.
A stock is a shape of safety that represents the holder's proportional hobby within the issuing employer and is typically bought on a inventory exchange.
Learn more about stock here:brainly.com/question/25818989
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Answer:
The correct answer is D. Works through the chain of command within the company to avoid subordinating judgment.
Explanation:
The chain of command not only establishes the hierarchy of responsibility for management or accountability, but also the lines of authority and the decision-making power of the company. An appropriate chain of command ensures that each task, each job and each department have a person who assumes responsibility for their performance.
Answer:
He should not contribute the property to the partnership.
Explanation:
There is an ensuing loss if the partner contributes the property to the partnership instead of a gain. Partnerships recognize the basis of contributed capital. They usually compare the fair market value with the book value to determine if a loss has been incurred or a gain made. However, the tax consequences of the contributed property will be allocated to the partner making the property contribution.
Answer:
Correct option is (d)
Explanation:
Purchase returns is a contra account which is related to purchases. Some part of purchases are returned due to many reasons such as receipt of defective goods or goods are not needed anymore. In such cases, a contra journal entry is passed in the books of both supplier and purchaser.
Following entry is passed in the books of the purchaser if goods were purchased on account:
Particulars Debit Credit
Accounts payable P2,000
Purchase returns and P2,000
allowances
(To record purchase returns)
The initial entry passed when purchases were made was"
Particulars Debit Credit
Purchases P2,000
Accounts payable P2,000
(To record purchases made
on account)
The above is reversed when purchases are returned.
So, the firm will debit accounts payable.
