Using the straight line method
Depreciation per year
295,000÷5=59,000
Accumulated depreciation for 3 years
59,000×3=177,000
Book value of the equipment
295,000−177,000
=118,000
Answer:
The entry decreases assets and decreases stockholders' equity. T
Explanation:
The adjusting entry of interest expense would impact the expenses account, automatically the income statement also.
Moreover, it also impacts the stockholder equity but it does not impact the asset account. Rest item which is mentioned in the question except the corrected option would be affected.
Interest expense is an expense that decreases the net income of the business organization and at the same time it shows the interest payable on the liabilities side.
Answer:
A. Their home country and exporting them to other countries.
Explanation:
A global market channel generally explains the production of commodities by a certain or group of firms and goods by a home country and exporting them to other countries. This is seen generally in the production of phones, laptops, tv brands refrigerators and a whole lot of products amongst tier 1 or tier 2 countries and are been shipped to lowest their countries and other tier countries. This is seen to boost the economy and international trade friendship of either countries though the country at the recieving end is loosing per capital but at the end, we need each other to grow and live.
Answer:
b
Explanation:
just had the same question
Question attached
Answer and Explanation:
Answer and explanation attached
