Answer:
a person who sets up a business or businesses, taking on financial risks in the hope of profit.
Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process. Costs are assigned to products, usually in a large batch, which might include an entire month's production.
- equal
- value
- legality
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Answer:
Accumulated depreciation= $24,000
Explanation:
Giving the following information:
Using the straight-line method of depreciation, annual depreciation expense is computed as $8,000.
Under the straight-line depreciation method, the annual depreciation remains the same during the useful life.
Accumulated depreciation= annual depreciation*number of years
Accumulated depreciation= 8,000*3= $24,000
