Answer:
$68,000
Explanation:
Deprecation is a method used in expensing the cost of an asset.
Straight line depreciation expense = ( Cost of asset - Salvage value) / useful life
( $110,000 - $8,000) / 6 = $17,000
Each year, the depreciation expense is $17,000.
at the end of the fourth year, deprecation expense = $17000 × 4 = $68,000
I hope my answer helps you
Well that's not really a question. More of an opinion.
Answer:
contingent liabilities are journalized when they are both probable and estimable.
EPA's fine, states it is probable it will stand.
Damage awards and fines DR $248,000
Contingent Liability-fines CR $248,000
Out of court settlement for $130,000. Although since the settlement was just reached, we would just use a payable account.
Damage awards and finesDR $130,000
Awards payable CR $130,000
The homeowner lawsuit is not thought to be a strong case, plus the amount of any actual damages is unforeseeable, therefore a journal entry would not normally be needed at all. Although those would still be disclosed to shareholders on financial statements.
It’s True that economies of scale are ways that a company can lower the cost per unit by selling more units overall
Answer:
adult; inelastic.
Explanation:
Data provided in the question
Increase wage rate percentage is 10%
And, the given supply percentage is 7%
As there is no information given in the question related to the teenager and adult so we assume that the data is given for adult
Since the wage rate is increase by 10% which reflects the adults worker and due to which the supply is 7% more labor. So the elasticity of labor supply is inelastic as the supply is less than the wage rate so it cannot be perfectly elastic
