Answer:
Book value 2020= $18,000
Explanation:
Giving the following information:
Purchasing price= $55,000
Residual value= $5,000
Useful life= 5 years
First, we need to determine the depreciation expense for 2018 and 2019. We will use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2018= 2*[(55,000 - 5,000)/5]= 20,000
2019= 2*[(50,000 - 20,000)/5]= 12,000
Book value 2020= 30,000 - 12,000
Book value 2020= $18,000
Answer:
one among the main importance is the foreign exchange of currency since it has a very higher exchange value compared to other tourism spots. exports to other countries from Nepal are very cheap and several good are produced on a large scale. ... cheap way of lifestyle attracts a lot of tourists all over the world.
Explanation:
the top should explain as much as I think.
Answer:
1. Accounts Payable BALANCE SHEET under liabilities
2. Depreciation Expense-Equipment INCOME STATEMENT under expenses
3. Gary VD, Capital BALANCE SHEET under owner's equity and/or STATEMENT OF OWNER'S EQUITY depending on the total number of owners of the company
4. Office Equipment BALANCE SHEET under assets
5. Rent Revenue INCOME STATEMENT under revenue
6. Supplies Expense INCOME STATEMENT under expenses
7. Unearned Revenue BALANCE SHEET under liabilities
8. Wages Payable BALANCE SHEET under liabilities
