Since i am the signing agent who fills out the ID form, then, i am at responsibility to sign the Patriot Act form as well.
<h3>What is
Patriot Act form?<u> </u></h3>
The Patriot Act/customer ID form is a form that help the government to fight the funding of terrorism and money laundering activities.
The Patriot Act/customer ID form is necessitated by the Federal law and its requires all financial institutions to obtain, verify, and record information that identifies every customer.
However, if the signature line on the Patriot Act has escrow officer's name printed on it on the signature line and i am the signing agent who fills out the ID form, then, i am at responsibility to sign the Patriot Act form as well.
Read more about Patriot Act form
<em>brainly.com/question/7472599</em>
Answer:
Explanation:
Depreciation: It is a reduction value in the assets due to tear and wear, usage of fixed assets, obsolesce. The depreciation expense is shown in the income statement whereas the accumulated depreciation is shown in the balance sheet under the assets and this amount is deducted from the value of the fixed assets
The adjusting entries are shown below:
For equipment:
Depreciation expense A/c - Equipment Dr $3,600
To Accumulated depreciation - Equipment $3,600
(Being depreciation expense adjusted)
For land:
No journal entry is required as land is not depreciated.
Answer:
Whattttttttttttttttttttttttttttttttttttttttt
