Answer:
The correct answer is $9187.5.
Explanation:
According to the scenario, the given data are as follows:
Asset cost = $140,000
Residual value = $42,000
Life period = 8 years
So, Annual depreciation can be calculated by using following method:
Annual depreciation = ( Asset cost - Residual value) ÷ Life period
= ($140,000 - $42,000) ÷ 8
= $12,250
As depreciation is to be recorded till Dec.31
So, total time period = Apr - Dec = 9 months
So, Depreciation expense till Dec.31 = $12,250 × (9 ÷ 12)
= $9,187.5
Hence, Depreciation expense till Dec.31 is $9,187.5.
Based on the information depreciation expense and amortization expense represent non-cash items.
Non-cash items has to do with expense that does not involve paying cash.
Depreciation expense and amortization expense are non cash item as no cash payment is involve.
Although this expense may be included in a company profit or loss account or net income but they do not have effect on a company cash flow.
Non cash item like depreciation expenses and amortization expense often have effect on a company overall net income.
Inconclusion depreciation expense and amortization expense represent non-cash items.
Learn more about non-cash item here:
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Answer: Its D. Save your document Frequently
Explanation: Hoped i helped!
Answer: <em>Limited Liability Company</em>
Explanation:
Limited liability company also known as LLC is referred to as the United States specific type of private limited organization. It is referred to as a business structure or component that tends to combine or mix pass-through taxation for a sole proprietorship or a partnership with the tendency of a limited liability of an organization. A LLC is not an organization under the state law, it is referred to as a legal type of an organization that tends to provide a limited liability to the owners in several jurisdictions.
