Answer:
The equipment originally cost 40,000 and has a salvage value of 8,000, which means that the amount that can be depreciated is 32,000. It has a life of 8 years and follows a straight line method so the yearly depreciation would be 32,000/8= 4,000.
The depreciation for the first 2 years is 4000*2= 8,000
So the book value of the asset is 40,000-8000= 32,000
Since according to the new estimate the total life is 5 years, and 2 years have already passed the remaining life of the asset is 3 years. Also since there is no change in salvage value the amount that can be depreciated is 32,000-8,000= 24,000
To find out the deprecation in year 3 we will divide 24,000 by the reaming life which is 3.
24,000/3= 8,000
The depreciation expense in year 3 would have been $8,000
Explanation:
Answer:
I procastinate to do my work that was due 4 days ago
Answer:
The necessary entries would be:
Dr Accounts receivable $11,000
Cr Sales revenue $10,000
Cr Deferred revenue $,1000
Explanation:
Revenue should be recognized in the books of account where the selling party has performed its obligation of delivering goods or rendering services as contained in the sales contract.
This contract contains provision of goods -inventory that have been delivered and rendering of services-installation that is in progress, as a result the revenue relating to the former is due to be recognized now while the later would be recognized when is installation is concluded.
If you want search engines to tell that the pages are all related, then you should use a c. Use a rel next attribute.
<h3>What is a rel next attribute?</h3>
Rel next attributes are tools that are used to show that a sequence of pages are related to each other.
It is primarily used for search engines to be able to pick up relations between pages. These attributes can be shown as rel="next" and rel="prev".
Options for this question are:
- Use a 404 webpage.
- Use a 301 redirect.
- Use a rel next attribute.
- Use an XML sitemap.
Find out more on using the rel next attribute at brainly.com/question/20336779.
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I hope this helps and have a wonderful day filled with joy!!
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