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vova2212 [387]
3 years ago
6

The amount of the estimated average income for a proposed investment of $60,000 in a fixed asset, giving effect to depreciation

(straight-line method), with a useful life of four years, no residual value, and an expected total income yield of $21,600, is what
Business
1 answer:
valina [46]3 years ago
3 0

Answer:

Estimated average income is $5,400

Explanation:

Proposed investment = $60,000

Depreciation = Straight-line method

Useful life = 4 years

Expected total income yield = $21,600

To find average investment, we divide the income by the useful life of the investment.

Therefore, estimated average income = $21,600 ÷ 4 = $5,400

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3 years ago
On December 1, 2018, Shamrock Company received $9,600 from Destiny, Inc. for rent of an office owned by Shamrock Company. The pa
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Answer:

b. credit to Rent Revenue of $3,200

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Amount earned as at December 31

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Entries required

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