Answer:
Assets : Cash, Accounts receivable, Equipment
Liabilities : Salaries and wages payable, Accounts payable, Notes payable
Owners Equity : Owner’s capital
Explanation:
Assets are valuable things owned by a business, to which firm's present or future monetary economic benefit can be entitled.
Cash , Account receivables (from debtors who owe money to us) , Equipments are all beneficial ownerships and hence are Assets.
Liabilities are financial burden of the business, the amount business owes to others.
Salaries and wages payable, Accounts payable (from creditors to whom we owe money), Notes payable are all financial obligations to be fulfilled by business - so are liabilities of business.
Owners Equity are the assets of business which have been bought in by the Entrepreneur as 'Capital' in the firm.
Decimal Reading Vernier Scale. 1/40th of an inch is subdivided into 25 by the vernier to read to one- thousandth. One inch is first divided into ten, and then 40 graduations. Each smallest graduation on the main beam repre- sents .025
Answer:
Maturing product
Explanation:
A product goes through four stages in its life, introduction, growth, maturity and decline. It is during the maturity stage that sales drop as the product has reached almost everywhere. Consumers have accepted the product and now there is no further scope of reach.
Here, mousetrap production is expected to stop indicating that it has entered maturity stage of its life cycle. So, it's a maturing product.
Answer:
The Cost that can be deducted will be $3,500
Explanation:
Bonus Depreciation=$35,000*50%=$17,500
Now cost deductible in 2018 will be=$17,500/5=$3,500
Currently 50% bonus depreciation being deducted on assets as per new rulings.
