Answer:
The correct answer is Option B.
Explanation:
Obsolescence of an asset occurs when the value of an asset has reduced drastically due to radical technological innovation or there is now a better technique used in the production process that renders the old equipment worthless or less productive.
The appropriate journal entries to record the disposal of the asset are:
Debit Accumulated Depreciation – Equipment $30,000
Debit Loss on Disposal of Plant Equipment $45,000
Credit Plant Equipment $75,000
<em>(To record disposal of an asset) </em>
Note that the proceed on the disposal is zero since the organization did not put up the asset for sale.
Answer:
11.4%
Explanation:
Given that,
Average annual return on the S&P 500 Index from 1986 to 1995 = 16.20%
Average annual T-bill yield during the same period = 4.80%
Market risk premium is the difference between the expected return on the portfolio (market) and the risk free return.
Therefore,
Average market risk premium = Return on market - risk free return
= 0.1620 - 0.048
= 0.114 or 11.4%
Answer:
$8,200
Explanation:
Missing word <em>"What is the ending normal balance of the Allowance account at year-end?"</em>
<em />
Particulars Amount
Opening balance $1,800
Add: Monthly provision $12,000 (2%*$600,000)
Less: Bad debt <u>$5,600</u>
Ending balance of allowance <u>$8,200</u>
If the Government choose not to devalue its currency, The total exports of that nation will be most likely to be decreased.
When a currency of a nation is too high, other nation wouldn't have enough purchasing power to do transactions with our nation, making us forced to close many international trade relationship that could kill several economic sectors in the country.
Answer: Ft means FaceTime.
Explanation: It makes me write at least 20 words so I have to ramble on. But if she asks to Ft she’s asking to FaceTime. Aka video call