Answer:
b. $3,000 loss
Explanation:
For computing the gain or loss, first we have to determine the depreciation expense so that we can find the book value of an asset
So, under the straight-line method, the depreciation expense would be
= (Original cost - residual value) ÷ (useful life)
= ($15,000 - $1,000) ÷ (4 years)
= ($14,000) ÷ (4 years)
= $3,500
For two years, the depreciation would be
= $3,500 × 2 years
= $7,000
In this method, the depreciation is same for all the remaining useful life
Now the book value would be
= Acquired value of an asset - accumulated depreciation
= $15,000 - $7,000
= $8,000
So, the gain would be
= Sale value - book value
= $5,000 - $8,000
= $3,000 loss
Notează câte sunete are cuvintele urmatoare ghetiuș, ghindă, gheară, cerb, pix, literă, ciupercă, chibrit, ceară, cucerire, chei
-BARSIC- [3]
Answer: What the heck
Explanation: YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET YEET
<h2>timing location, whom to send the request to</h2>
Explanation:
To create a meeting, the essential information are
1. Time: Start time and end time of the meeting are essential since the participant has to know the time to appear
2. Location: In a bigger organization there will be various meeting rooms, and some time meeting will be outside the office, so the participant must know the place of meeting.
3. Whom: The person who wants to conduct the meeting must know and pass information to the targeted participant.
Answer:
b) Additional paid-in capital.
Explanation:
Closing process in accounting is a period end activities which involves
the movement or transfer of temporary accounts to permanent accounts.
Temporary accounts are all income statement accounts like sales account, rent account, depreciation expense account, telephone expense account e.t.c.
This exercise is to prepare temporary accounts for the next period. since temporary accounts are measured as at period end, the transaction of a period must not be allowed to mix with another, hence the need to always close or bring to zero all temporary accounts.
In the question, all are income accounts except additional paid-in capital
Solution :
<u>Date</u> <u>Account </u> <u>Debit </u> <u>Credit</u>
Sept 9 Petty cash $ 350
Cash $ 350
Sept 30 merchandise purchased $ 42
postage expenses $ 50
miscellaneous expenses $ 102
Cash shortage $ 12
Cash (350-42-50-102)=156-144=12 $ 206
Oct 1 Petty cash 45
Cash (395-350) $ 45