French, English, and dutch traders joined Spanish traders in the west indies.
When there is the liquidation of fixed assets that are of use-value with cash collection, the accounts recorded are as follows <em>C. Increase income, reduce costs.</em>
- The income increases because of the cash collection from the liquidation. The fixed assets' accounts are credited (reduced) with the costs.
- Then debit the accumulated depreciation account with the amount of its balance. A new account called the <em>"Sale of Fixed Assets" account</em> opens.
- The <em>"Sale of Fixed Assets" account</em> is debited with the costs and credited with the accumulated depreciation and the cash proceeds from the disposal.
Thus, the difference is an increase in income (profit) if the credit side exceeds the debit side of the <em>"Sale of Fixed Assets" account</em>.
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Stay in a place with a lot of <em><u>Facilities</u></em><em><u>.</u></em>
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You can work this problem out on goggle learn so just try your hest
Answer:
C
Explanation:
Around 80% of the Central Pacific and Union railroad companies were Chinese.
