Answer:
31 Dec 2017 Depreciation Expense $1370 Dr
Accumulated Depreciation-Riding mower $1370 Cr
Explanation:
The straight line method of depreciation charges a constant depreciation per year through out the useful life of the asset. The depreciation expense per year under straight line method is calculated as follows,
Depreciation expense = ( Cost - Salvage Value) / Estimated useful life
Thus,
Depreciation expense = (15900 - 2200) / 10
Depreciation expense = $1370 per year
Answer:
The correct answer is : "b. Proportional measurement".
Explanation:
Proportional measurement refers to a measure that focuses on measuring the distance or height of an object. It also helps in making a comparison between different objects. Therefore, a scale focuses on using proportional measurement to find out the distance between locations.
The first question that needs to be answered when organizing an economy is B. What is to be produced?
Before everything, the producer needs to figure our what it is that he or she wants to produce, what exact type of goods they want their consumers to buy. Based on that decision, they will allocate as much resources as necessary to actually produce those goods.
Answer:
$20
Explanation:
Average total cost (AC) equals summation of average variable cost (AVC) and average fixed cost (AFC). Average fixed cost is calculated by division of total fixed cost (TFC) by number of widgets (N)
AC=AVC+AFC= AVC-TFC/N = $10+ $100,000/10,000 = $20