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Effectus [21]
2 years ago
8

Holman company owns equipment with an original cost of $95,000 and an estimated salvage value of $5,000 that is being depreciate

d at $15,000 per year using the straight-line depreciation method, and only prepares adjustments at year-end. the adjusting entry needed to record annual depreciation is:
Business
1 answer:
brilliants [131]2 years ago
7 0
Depreciation is a way not only to recognize the lost value over time of an asset, but also a way to recognize the expense of the asset over time. To this end, we want to see the value of the asset get smaller, and a piece of the asset on the the income statement ever period. 
The depreciation base is 95,000 -5,000 = 90,000, and the depreciation period is 90,000/15,000 = 6 years.
The journal entry every year will be 
Dec. 31
Debit: Depreciation expense 15,0000
Credit: Accumulated Depreciation       (15,000)
Accumulated depreciation is a *contra-asset* account on the balance sheet that reduces the value of the the depreciable asset. 
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Decisions are made through the certainty of action, data collection and the assessment of possible resolutions.

The final phase in the systematic decision-making process is assessment. Evaluating results will lead to learning lessons that will enhance the decision-making skills.

Allison is in the final step of her choice in this decision-making case. Because her future as an airline pilot has already been determined, and she has agreed to go to airline pilot research and training programmes.

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3 years ago
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Activities that aren’t on a critical path may add value, but they don’t actually have to be performed in order to complete the p
scoundrel [369]

Answer:

A project is a one-time or infrequently occurring set of activities that creates outputs within prespecified time and cost schedules,  

project management

while project management is the combination of planning, directing, and controlling resources (people, equipment, information, material) in a project to meet technical objectives within budget and schedule constraints.

its true

Explanation:

4 0
3 years ago
A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she o
tigry1 [53]

The worth of the shares when the stockholder originally purchased them is $1105.

<h3>What are shares?</h3>

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:

  127 = $1,403

∴ 100 = $1,403/127 × 100

        = $1104.72

Therefore, $1104.72 is the original purchase price of the share.

To learn more about share, click here:

brainly.com/question/28392295

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7 0
1 year ago
Administrators
rodikova [14]

Answer:

advanced education

Explanation:

just got it right on edge 2020

4 0
2 years ago
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Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 45 million cases of cola were sold ever
Genrish500 [490]

Answer:

Tax on a case of cola is $4 per case.

The burden that falls on consumers is $1 per case.

The burden that falls on producers is $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

Explanation:

Tax on a case of cola = Amount that consumers pay after the tax has been charged - Amount producers receive = $7 - $3 = $4 per case

Burden on consumers = Amount consumers pay after the tax has been levied - Amount consumers pay before tax was levied = $7 - $5 = $1 per case

Burden on producers = Tax on a case of cola - Burden on consumers = $4 - $1 = $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

4 0
2 years ago
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