Answer:
Cost of delivery van = $20,000
Accumulated depreciation of equipment = $16,000
Annual depreciation on this equipment = $2,000
Therefore, the journal entry is as follows:
On December 29, 2020
Depreciation expense A/c Dr. $2,000
To Accumulated depreciation-Delivery van $2,000
(To record the depreciation expense of the year)
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Answer:
b. $42,600
Explanation:
First, we calculate the total cost of college:
Now, we calculate the net income she would receive, if she didn't go to the college:
Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.
An increase in inflation and a decrease in unemployment.
