Answer:
Journal entry
Explanation:
The journal entry to record the depreciation expense is shown below:
Depreciation Expense A/c Dr $7,800
To Accumulated Depreciation - Equipment A/c $7,800
(Being depreciation expense is recorded)
The computation is shown below:
= ($90,000 - $12,000) ÷ 5 years × 6 months ÷ 12 months
= $7,800
The six months is calculated from July 1, 2019 to December 31, 2019
Brenda is not correct because the total value of her assets could be less than the liabilities.
<h3>
What are liabilities?</h3>
A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.
Assets can be contrasted with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.
An obligation between two parties that has not yet been fulfilled or paid for is generally referred to as a liability.
Learn more about liabilities
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Answer:
Investment Decision
Explanation:
The Investment Decision relates to the decision whether or not the company is going to invest in an project which requires the funding and resources of the country. The primary ambition of the company is to increase the profit of the organization which it is considering by establishing chip manufacturing factory. This decision might be affected by the government opposition however the decision is investment oriented decision making.
Answer: 1: standard cost of total helmets $15,680
2:
Explanation:
See attached file
Answer:
Perfect
Explanation:
Perfect competition assumes perfect market information.
