Answer & Explanation:
Straight Line table
<em><u>The straight-line Method</u></em> is simply and easy to understand, It distribute the depreciation equally between years. So that implies that the formula should be:
195,000 - 9,000 = 181,000
181,000 / 4 = 45,250
Double Declining table
<em><u>The Double declining </u></em>You double the straight line rate
Current Book Value x rate = depreciation expense
190,000 x 1/2 = 95,000
Answer:
Adjusted net income will be $78,010
Explanation:
According to the Accrual concept all the accrued expenses should be recognized and deducted from the unadjusted net income and all the earned revenues should be recognized and added to unadjusted net Income.
Salaries and wages owed but not yet paid of $820 is an expense which is accrued but not been paid it should be recorded and deducted from the unadjusted net income as earlier expenses were understated.
Interest earned but not received from investments of $780 is the revenue recognized but not been received until now. Accrual Concept requires that when revenue is realized it should be recognized into the accounting records. So it should be added to the net income.
Prepaid insurance premiums amounting to $580 have expired is actually an accrued expense which previously recorded as prepaid expense. It should be deducted from the net income as it is a expense which need to be recognized.
Unearned revenue in the amount of $780 has now been earned. Now it should be added to the net income because it is a revenue item that should be recognized as it is recorded as unearned revenue earlier.
Net income to be $77,850 based on the unadjusted trial balance.
Adjusted Net Income = $77,850 - $820 + $780 - 580 + 780 = $78,010
Answer:
I do not know but I hope you can send some poimnts for my chem assignment!!
Explanation:
The correct answer for this question would be 75% seventy-five percent. The percentage of individuals <span>aged 65 and over who rated their health as good, very good or excellent during the period of 2006-2008 is 75%. Older men and women reported similar levels of health. Hope this answer the question. </span>