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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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Answer:

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To find the percentage of returned surveys over the total we divide and then multiply:

(717/5000)*100= 14.34%

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Here is the answer that best completes the statement:

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3 years ago
Prepaid expenses require what type of adjusting entry?
AleksAgata [21]

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Explanation:

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7 0
3 years ago
Read 2 more answers
In 2019, RayeAnn acquires a car for $14,000. She uses the car in her advertising business and for personal purposes. Her records
kirill [66]

Answer:

Deductible depreciation = $2,660

Explanation:

Given:

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Deductible depreciation = ?

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3 years ago
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