Answer:
Depreciation expense 2019= $17,062.5
Explanation:
Giving the following information:
Purchase price= 102,000
Useful life= 8
Salvage value= 11,000
To calculate the depreciation expense under the double-declining balance, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2018= 2*[(102,000 - 11,000)/8]= $22,750
2019= 2*[(91,000 - 22,750)/8]= $17,062.5
Answer:
Debit Unearned Fees, $8,370
Credit Fees Earned, $8,370
Explanation:
Based on the information given we were told that the Company received the amount of $33,480 from Santa Fe for 36 month on April 1 in which we are to assumed that the adjustments will be made at the year end this means that the adjusting entry will be to:
Debit Unearned Fees, $8,370
Credit Fees Earned, $8,370
Calculated as :
Amount received $33,480/36 months ×9 months
=$8,370
Note that from 1st April to 31st December will give us 9 months.
The following policies would bring the economy to potential output is Decrease government spending by $10 billion.
<h3>
What is Marginal Propensity?</h3>
The "Marginal Propensity" to consume is defined as calculate quantification of money that consumers are ready to spend.
The term "Marginal propensity" to consume is term used in economics. It measures monetary value which consumer is willing to spend to buy goods and services instead of saving it.
The "Marginal Propensity" to consume tends to increase economic activities of country by keeping cash flowing and by not keeping it stagnant. It also helps in increasing trade value and quality and cost of products because it increases healthy competition among companies and in which consumers are ultimately benefitted.
Therefore , we can conclude that the correct option is C.
Learn more about Marginal propensity on:
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For techniques that you can practice to become an efficient listener or listening with all ears paying attention giving feedback and observing your anatomy is of listening.
Hello,
Question - The U.S. Supreme Court case United States v. Bagley compels the prosecution to disclose any evidence that the _________ requests.
Answer - "evidence that the defense requests"
Why - "Bagley claimed that the government had violated his due process rights by withholding evidence that the defense could have utilized to impeach the witnesses. The district court held that the evidence was not material because the outcome would have been the same. "
