Answer:
$12500
Explanation:
Since the beginning balance of accumulated depreciation - equipment is $10 000
And an adjusting journal entry during the year was $2500
You must add the adjusting journal entry to the begging balance to get the closing balance of Accumulated Depreciation - equipment:
10000+2500=$12500
This should NOT be considered when setting a current budget
Future income
Explanation:
Future income can be anticipated but never factored in.
This is because the economy is not only controlled by economic policy or statistics that anticipate growth but outside influences too.
For example, despite the productive growth in the recent time there will be decrease in incomes throughout the world this year.
This is because of the recent crisis that was not foreseen at all.
Thus policy making must not see the future as anything granted and must only set up goals for the present and only anticipate what would probably come in the future.
Answer:
The balance in the accumulated depreciation account at the end of the second year is $146,000.
Explanation:
Straight line method charges a <u>fixed depreciation charge</u> on the asset during its period of use.
Depreciation Expense (Straight line) = Cost - Residual Amount ÷ Estimated Useful life
= $778,000 - $48,000 ÷ 10
= $73,000
Therefore, for each year, a depreciation expense of $73,000 is charged to profit an loss.
Accumulated Depreciation Calculation :
Depreciation Expense : Year 1 $73,000
Depreciation Expense : Year 2 $73,000
Total Expense $146,000
Your way, inc is a furniture store located in Dallas, Texas, United States, it makes unique and fine pieces of furnitures, they also repair and recover them.
Answer:
Limit access to private information by friending someone
Explanation:
When conducting recruitment of an individual employers sometimes do background checks on the person's social media information.
There however needs to be consideration of the person's privacy in doing this.
There should be use of only publicly available information, background check can be done by a third party that is not making hiring decision, and do not request username and password for social media platforms.
It is not best practice to befriend a person on social media in order to obtain their private information.
