Answer:
The accumulated depreciation at 1 January 2019 = $425000
January 1, 2019
Accumulated Depreciation 425000 Dr
Cash 400000 Dr
Loss on disposal 95000 Dr
Machine 920000 Cr
Explanation:
The straight line method of depreciation charges a constant depreciation expense every year through out the estimated useful of the asset. The depreciation expense per year under this method is calculated as,
Depreciation expense per year = (Cost - Residual value) / estimated useful life of the asset
Depreciation expense per year = (920000 - 70000) / 8 = $106250 per year
The asset was used for four years from 2015 to 2018. Thus, the accumulated depreciation at 31 December 2018 is,
Accumulated depreciation - 31 Dec 2018 = 106250 * 4 = $425000
The Net book value of the asset at 31 December 2018 = 920000 - 425000 = $495000
The loss on disposal is = 495000 - 400000 = $95000
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Answer:
hello below is the missing diagram needed for the question
answer : point B
Explanation:
when there is a technological innovation that increases the demand for investment and goods the real interest rate,savings and investment will take a positive outlook i.e take a shift to the right , this is due to the increase in investment and a corresponding increase in demand by consumers
Technological innovation are very vital for the expansion of production by companies and firms who provide either goods or services
Answer:
Upward communication
Explanation:
Based on this information it can be said that this is an example of Upward communication. This is a form of communication that encourages employees to communicate directly with their upper management in order to create a sense of importance in employees as they begin to realize that the upper management cares about their thoughts and input. Which is what Steve is cultivating by having regular check-ins
Answer:
If a company produces, promotes, and sells bags made of recycled paper, which concept is it using?
The concept used by the company that produces, promotes, and sells bags made of recycled paper is societal marketing concept
Explanation:
This concept simply entails running of a long term interest which does not only suits customers wants alone but also makes the priority of the company paramount.
