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3 years ago

Hercules Company purchased a computer for $4,800 on December 1. It is estimated that annual

Business

1 answer:

julsineya [31]3 years ago

5 0

Answer:

Debit Depreciation Expense, $960; Credit Accumulated Depreciation, $960.

Explanation:

Depreciation is an expense recorded in the income statement. An expense account is created to record annual depreciation in a given year. Since depreciation is an expense, an increase is captured by debiting the account. The depreciation amount will be credited to the accumulated depreciation account as per the rules of double-entry accounting.

Accumulated depreciation is the natural contra entry account for the depreciation account. The account is used to recorded accumulated depreciation up to the current period. Accumulated depreciation account is because it reduces the book value of the asset.

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?alan used to follow a libertarian leadership style. he recently decided to become stricter toward productivity targets as a res

mote1985 [20]

This is an example of situations shaping how leaders <span>behave.
Alan used to follow a libertarian leadership style, however, the circumstances have made him change his view and behavior towards his employees. Given that there are many fluctuations in the market, he wants his team to be more productive, which is why he needs to change the way he treats them.
</span>

6 0

4 years ago

Number of Employees 20 Average Salary per employee $ 30,000 Weeks per year 52 Minutes available per week 2,400 Practical capacit

stich3 [128]

Answer:

1,996,800 minutes

Explanation:

Calculation for what is the practical capacity of resources supplied in minutes

Practical capacity of resources supplied =52 weeks × 2,400 minutes per week× 80% × 20 employees

Practical capacity of resources supplied= 1,996,800 minutes

Therefore the practical capacity of resources supplied in minutes is 1,996,800 minutes

7 0

3 years ago

Adrian owns an older used car that is valued at about $1,000.

Liula [17]

Answer:

Purchasing insurance can help Adrian minimize risk. Adrian’s best decision in this case is to not buy the insurance because the policy is too expensive in relation to the value of his vehicle

0 0

4 years ago

A contract for a sale of land from Beachfront Properties Inc. to City Development Corporation contains an erroneous legal descri

Likurg_2 [28]

Answer:

The correct answer is c. reformation.

Explanation:

The reform is usually an initiative or a project that seeks to implement an innovation or achieve an improvement in some system or structure. Said reform may be made on something physical and concrete (such as a house), or on a symbolic or abstract question (a law, a mode of organization, etc.).

To reform legislation, the implementation of various mechanisms depending on the country or region is required. In general, a broad social consensus and agreement between different political sectors is required.

5 0

3 years ago

On October 1, Bentley Delivery Services acquired a new truck with a list price (fair market value) of $75,000. Bentley Delivery

Anettt [7]

Answer:

Dr Depreciation Expense—Trucks $5,250

Cr Accumulated Depreciation—Trucks $5,250

B. Dr Accumulated Depreciation—Trucks $40,250

Dr Trucks $75,000

Cr Trucks $56,000

Cr Cash $51,000

Cr Gain on Exchange of Trucks $8,250

Explanation:

Preparation of the Journal entries

a. Preparation of the Journal entries to record the current depreciation of the old truck to the date of trade-in.

Dr Depreciation Expense—Trucks $5,250

Cr Accumulated Depreciation—Trucks $5,250

($7,000 × 9/12).

(Being to record the current depreciation of the old truck to the date of trade-in)

b.Preparation of the Journal entries to record transaction on October 1.

Dr Accumulated Depreciation—Trucks $40,250

($35,000+$5,250)

Dr Trucks $75,000

Cr Trucks $56,000

Cr Cash $51,000

Cr Gain on Exchange of Trucks $8,250

($40,250+$75,000-$56,000-$51,000)

(Being to record transaction on October 1)

8 0

3 years ago