The deprecation expense in year 1 is $1225.
<h3>
What is the depreciation expense in year 1?</h3>
Depreciation is a method that is used to expense the carrying value of an asset. Straight line depreciation is a depreciation method that allocates the deprecation expense evenly across the useful life of the asset.
Straight line depreciation expense is a function of the useful life of the asset, the cost of the asset and the salvage value of the asset.
Straight line depreciation expense = (number of months from Sept to Dec / number of months in a year) x (Cost of asset - Salvage value) / useful life
(3/12) x [(28,400 - 3900) / 5]
1/4 x (24,500/5) = $1225
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Able sold to both the low and high-tech segments last year, and marketing predicts able will have the same market share next year. 1,841 units would you forecast for able.
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.
Advertising is one of the primary methods used by marketing and promotion specialists to capture the interest of important target markets. Targeted promotions may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
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Answer:
3.1781
Explanation:
here you go. I hope thats correct.
Answer:
The $3,600 cash is collected in June
Explanation:
For computing the total cash collected in the June month, first, we have to find the sales of June and may which is based on the collection ratio which is given in the question.
June month collection = June sales × 30%
= $5,000 × 30%
= $1,500
In the question it is given that 30% is collected on June month and remaining i.e 70% collected in the May month or following month.
June month collection based on may sales = 70% × May sales
= 70% × $3,000
= $2,100
So, total cash collected in the June month is equal to
= June month collection + June month collection based on may sales
= $1,500 + $2,100
= $3,600
Hence, the $3,600 cash is collected in June
Answer:
d. debit to Cash for $1,920,000
Explanation:
Journal entry
Date Account titles and Explanation Debit Credit
Cash $1,920,000
(2,000*$1,000*0.96)
Discount on Bonds Payable $80,000
(2,000*$1,000*0.04)
Bonds Payable $2,000,000
