Answer:
b. Debit Depreciation Expense, $150; Credit Accumulated Depreciation, $150.
Explanation:
The adjusting entry is as follows
Depreciation expense Dr - Equipment
To Accumulated depreciation
(Being the depreciation expense is recorded)
The computation is shown below:
= $1,800 ÷ 12 months
= $150
We simply debited the depreciation expense and credited the accumulated depreciation for $150 so that the proper posting could be done
Answer:
D) II and IV
- The settlement must be disclosed on the RR's U-4 for the remainder of the RR's career in the financial industry.
- The record of the settlement must be made public on the FINRA website
Explanation:
Since the dispute was over a $15,000 amount, the settlement must be recorded using the registered representative's U-4, section 14 I, section 2. This disclosure must contain the information regarding the incident that lea to the settlement and whether the complaint was written or oral. This information must also be uploaded to the FINRA website under the broker check section which includes all the customers' complaints.
Answer:
To Prepare an appraisal report
Explanation:
The steps which are involved in the appraisal process are:
1. Stating the purpose.
2. Listing the data needed and its source
3. Gathering, recording and verifying the data.
4. Gathering, recording and verifying the specific data.
5. Gathering, recording and verifying the data for each approach.
6. Analyzing and interpreting the data.
7. Reconciling the data for the final estimation.
8. Prepare an appraisal report.
