Answer:
(A)
accumualted depreication equipment 41,000 debit
equipment 41,000 credit
(B)
accumualted depreication equipment 37,200 debit
loss at disposal 3,800 debit
equipment 41,000 credit
Explanation:
to retire the equipment itt will write-off their equipment account
if the accumulated depreication matches the book value then there will be no loss at disposal while if lower a loss will be recognized.
(a) 41,000 book value - 41,000 depreciation = 0 no loss
(b) 41,000 - 37,200 = 3,800 loss at disposal
Answer:
Cash Basis and Accrual Basis
Explanation:
We be using the Cash Basis and Accrual Basis method to explain this
If we are going to use cash basis accounting system
the service revenue will = $105,000 while
Pool Expenses will = $80,000
If we are going to use accrual basis accounting system
the service revenue = $130,000 while
Pool Expenses = $85,000
An entrepreneur is a person who takes her wrist and starting a business
Answer:
patriotism is a synonym for Nationalism; a feeling of extreme pride for one's country.
Explanation:
