Answer:
Annual depreciation= $4,000
Explanation:
Giving the following information:
The cost of the machine was $29,000. Its estimated residual value was $9,000 at the end of estimated 5-year life.
<u>To calculate the depreciation expense, we need to use the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (29,000 - 9,000)/5
Annual depreciation= $4,000
A journal entry that debits manufacturing overhead and credits property taxes payable records the purchase materials.
Journal entries can also include multiple statistics factors however usually include A header, that's a descriptor of the access kind, and the date entered within the journal; a unique numerical identifier or reference range; · One or extra debts and quantities with a view to being debited through the transaction and the date those debits are made; One or greater bills and amounts the transaction will credit and the date those credits are made; and A brief description of the transaction. magazine entries may additionally consist of statistics precise to the enterprise, along with the subsidiary or subsidiaries concerned within the transaction and the foreign money or currencies used.
Every magazine access contains the information tremendous to a single enterprise transaction, Journal entries which include the date, the amount to be credited and debited, a quick description of the transaction, and the accounts affected. relying upon the organization, it can list affected subsidiaries, tax info, and different information.
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<span>Inability to influence the customer and other buyers of the commodity in the market is called as market failure. So when markets fail, public policy can potentially remedy the problem and increase economic efficiency. market failure can occur due to some external factors like government regulating the course of product by its laws.</span>
Answer: The correct answer is "C) a new product-market brand extension strategy".
Explanation: Mathis Inc. <u>uses a new product-market brand extension strategy </u>since it takes advantage of the positioning and reputation of the brand to extend it to a completely new line of products such as furniture and that the public considers to be of good quality.