The book value of the equipment is $14000
Given,
equipment cost = $20,000
depreciation amounts = $6,000
book value of the equipment = equipment cost - depreciation cost
= 20000 - 6000
= $14000
<h3>What Are Depreciation Expenses?</h3>
Depreciation expense, on the other hand, is the amortized portion of the cost of the business's fixed assets during a certain period. Depreciation expense is recognized in the income statement as a non-cash expense that reduces the net income or profit of the business. For accounting purposes, depreciation expense is debited and accumulated depreciation is credited.
Depreciation expenses are treated as non-cash expenses because periodic monthly amortization is not involved in cash transactions.
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Answer:
C
Step-by-step explanation:
Furniture is not counted as property that can be taxed.
Answer:
A. 30 two-point questions and 10 four-point questions
Step-by-step explanation:
30 multiplied by 2 equals 60
10 multiplied by 4 equals 40
60 plus 40 equals 100 points which is the amount of points the test is worth as stated i the question.
30 plus 10 equals 40, which is the total amount of questions in the test as stated in the question.
Answer:
7 is the answer you're looking for
