In double declining method is a form of an accelerated depreciation method in which asset value is depreciated at twice the rate it is done in the straight line method.in this we multiply rate by 2.
Explanation:
we will calculate rate of depreciation by dividing 100% by useful life of an asset
i.e. , 
=16.66%
now we will multiply by 2 = 16.67% × 2
= 33.34%
now calculation depreciation by multiplying book value at begining with 33.34%
which will give depreciation from 1 January 2018 to 31 December 2018
=33.34%×$36000
=$12000 (approx.)
So book value on December 31 ,2019 will be $24000 ($36000-$12000).
Answer:
Journal Entry
Explanation:
The Journal Entry is shown below:-
Bad debt expense Dr, $180
To Accounts receivable $180
(Being bad debt expenses is recorded)
Working Note:-
Bad debt expense = $6,000 × 3% = $180 is estimated
Therefore for recording the bad debt expenses we debited bad debt and credited accounts receivable.
I would say B. start off your day by doing the things you enjoy the most. Your mornings play a big part in how your day goes!
Answer:
<u>A Straight re-buy situation </u>
Explanation:
Straight re-buy situation refers to a state wherein a consumer makes purchases of similar goods, from the same seller, with similar order quantity and for a similar price.
In most of the cases, the purchaser re-orders the previously placed order without paying much heed to the details of such order.
In the given case, the customer purchased supplies from the vendor from whom she had previously purchased, with similar order size and for similar amount. This represents a case of straight re-buy situation.
