<span>b. $16,400........ would be your answer</span>
Answer:
Depreciation is a non-cash expense which means that it is not actually paid for. It is however considered an expense which reduces the value of fixed assets as the years go by.
Journal entry for depreciation is:
Date Account title Debit Credit
XX-XX-XXX Depreciation Expense XXXX
Accumulated Depreciation XXXXX
The Depreciation expense for the year is debited to the Depreciation expense account and deducted from income in the income statement.
The amount is then credited to an Accumulated depreciation account which shows total depreciation since the asset was acquired. This goes to the balance sheet and reduces the value of fixed assets.
Answer:
True
Explanation:
The above statement is true as the distracted driving is act of driving along with engaging into certain other activities which leads to the driver's lesser concentration and attention towards the the road and driving.
Since good teens are not supposed to make the poor choices while driving and engage into activities like using phone, texting or reading maps or messages etc.
The best way to establish good credit is to open a savings account and a checking account, and manage them both well. Another good way to establish credit is to get a credit card and make small purchases with it.
What is credit card?
A credit card is a type of payment card that is given to customers (cardholders) to allow them to pay a merchant for products and services according to the amount of debt they have accumulated. The card issuer (typically a bank or credit union) establishes a revolving account and provides the cardholder with a line of credit from which they can borrow money to pay for purchases or receive a cash advance. Consumer credit cards as well as business credit cards are the two types of credit cards. The majority of cards are made of plastic, but some are made of metal (<u>stainless steel, gold, palladium, titanium</u>), while others have gemstones embedded in the metal.
To learn more about credit card
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