Answer:
Journal entries
Explanation:
The journal entries are as follows
(a) Cash A/c Dr $33,000
Accumulated depreciation A/c Dr $36,960
To Factory machine A/c $66,000
To Profit on sale of factory machine A/c $3,960
(Being the sale of machinery is recorded and the remaining balance is credited to the profit on sale of factory machine account)
(b) Cash A/c Dr $19,800
Loss on sale of factory machine A/c $9,240
Accumulated depreciation A/c Dr $36,960
To Factory machine A/c $66,000
(Being the sale of machinery is recorded and the remaining balance is debited to the loss on sale of factory machine account)
Answer: B - 2.09 years
Explanation:
Discounted payback period calculates how long it takes for the amount invested in a project to be recovered from the cash flows generated from the project.
The calculation used in getting the answer is found in the attachment.
Answer and Explanation:
The Journal entry is shown below:-
Income tax expense Dr, $40,025
To Deferred tax liability $2,025
To Income tax payable $38,025
(Being income taxes for the year 2020 is recorded)
Working note:-
Excess depreciation = ($27,000 × 50%) - ($27,000 ÷ 4)
= $13,500 - $6,750
= $6,750
For Deferred tax liability = $6,750 × 30%
= $2,025
For Income tax payable = ($157,000 - $23,500 - $6,750) × 30%
= $126,750 × 30%
= $38,025
True.
Companies offers benefits to be able to attract good employees.
As an employee I am aware that most of the employees demands for good benefits and if they no longer like the benefit offered by the company, they leave. That's why in order for a company to avoid that, they make sure to provide competitive benefits to their employees
The system that compares actual results to a budget so that significant
deviations can be flagged and investigated further is called management by
exception
Management by exception is the type that helps the managers to focus on
the most important variances while ignoring unimportant changes between
the budget and actual results.
This is commonly used in budgets preparation to ensure that the important
factors which may affect project completion are taken into consideration to
prevent shortages.
Read more on brainly.com/question/25408603
