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Andrew [12]
3 years ago
10

The annual depreciation taken on a vehicle totals $4,400. The vehicle has been in service for three full years and the adjusting

entries have been completed for the year. At the end of the third year, the balance in the Depreciation Expense account is $______ and the balance in the Accumulated Depreciation account is $______.
Business
1 answer:
KonstantinChe [14]3 years ago
5 0

Answer:

Depreciation expense =  $4,400

Accumulated depreciation = $13,200

Explanation:

Depreciation: The depreciation is the amount which decreases the value of the asset. It can be by obsolescence, usage, tear and wear, etc.

The annual depreciation is given i.e. $4,400 which will be charged in depreciation expense whereas the accumulated depreciation would be equal to

=  Annual Depreciation × useful life

= $4,400 × 3

= $13,200

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Victor Malaba has a net income of $1,240 per month. If he spends $150 on food, $244 on a car payment, $300 on rent, and $50 on s
Volgvan

Answer:

40%

Explanation:

Given:

Net income of Victor Malaba = $ 1,240 per month

Amount spend on food = $150

Amount spend on a car payment = $244

Amount spend on rent = $300

Amount for savings = $50

Thus,

Total expenses = $ 150 + $ 244 + $ 300 + $ 50 = $ 744

the total amount left after the above expenses = Net income - The total expenses

or

The amount left = $ 1,240 - $ 744 = $ 496

Therefore, the percentage of net income that can he can spend on other things = \frac{496}{1240}\times100%

or

The percentage of net income that can he can spend on other things = 40%

6 0
3 years ago
How did the appreciation of the U.S. dollar and depreciation of the yuan affect the timing andmagnitude of the Asian currency cr
UkoKoshka [18]

Answer:

1) Export Competitiveness

2) Moral hazard means lack of incentive to guard against risk where one is protected from its consequences.

3) Government guarantees

Explanation:

1) The appreciation of the U.S. dollar and depreciation of the yuan worked as a catalyst to speed up the Asian currency crisis as the exports were slowed down causing a decline in growth which also gives the motivation to the central bank to devalue their currency more in order to achieve export competitiveness to boost up the exports and economy.

2) The moral hazard in this case was the government guarantees, both implicit and explicit.

3) The moral hazard of government guarantees motivates the investors to invest taking risky adventures since regulations were also lenient, and finance was available. We see over investments backed by the inflated land prices. After that it was the final nail in the coffin when the local investors dump their local currencies in order to buy foreign currencies whereas foreign loans were no longer competitive.  

3 0
2 years ago
Audrey works in the accounting department of Colorado Manufacturing. Today she will use the firm's ledger to summarize informati
Doss [256]

Answer:

trial balance

Explanation:

Based on the information provided within the question it can be said that in this scenario Audrey will prepare a trial balance. This refers to an extensive list detailing all the general ledger accounts that can be found within the ledger of a business, each of which will reveal the name and balance of that account. This is what Audrey is preparing and is one of the main tasks completed by accounting departments.

3 0
3 years ago
Compared to a country with an MPS of 0.05, a country with an MPS of 0.2 would have to change government expenditures by ________
const2013 [10]

Answer: Four times.

Explanation:

Based on the information given, the government expenditure multiplier in this case goes thus:

K = ∆Y/∆G = 1/1-MPC = 1/MPS

For the first country with a MPS of 0.05, K = 1/MPS = 1/0.05 = 20

For the first country with a MPS of 0.2, K = 1/MPS = 1/0.2 = 5

Therefore, 20/5 = 4.

Therefore, the answer is four times.

8 0
3 years ago
The main provision of the Occupational Safety and Health Act states that each employer should furnish each employee a place of e
dangina [55]

Answer:

The correct answer is letter "C": general duty clause.

Explanation:

The general duty clause is a statement imposed by the Occupational Safety and Health Act (OSHA) of 1970 by which employers commit to independently identify hazardous conditions at work to find ways to avoid them so employees' safety can be ensured. The OSHA provides a variety of informational and training material focused on health risks and safety.

8 0
3 years ago
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