Answer:
Explanation:
In this scenario, we compare the values between book value and the fair value of equipment, the difference would be the loss on impairment of the asset
In mathematically,
= Book value - fair value
where,
Book value = Equipment cost - accumulated depreciation
= $672,000 - $174,000
= $498,000
And, the fair value is $384,000
Now put these values to the above formula
So, the value would equal to
= $498,000 - $384,00
= $114,000
Now the journal entry would be
Loss on impairment A/c Dr $114,000
To Accumulated depreciation A/c $114,000
(Being the impairment loss is recorded)
Answer:
D they both will increase
Explanation:
Goodluck on that.
Answer:
E. summarizing
Explanation:
This is an effective listening skill, as Blake asked his manager to improve what he said, and he articulated key ideas, and he took key points from people doubling his work to improve accuracy and become a team.
The player being investigated
so correct option is E. summarizing
Based on the number of shares you bought and the dividend per share, the total dividend income you received was $452.40.
<h3>How much dividend income was received?</h3>
The stock was held for 7 months and there are 2 quarters in a space of seven months so two dividends were received.
The amount received is:
= Number of share x Number of quarters x dividend per quarter
= 580 x 2 x 0.39
= $452.40
Find out more on dividends at brainly.com/question/25845157.
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Answer:
Demand schedule:
The Demand schedule refers to the tabular representation of the quantity demanded at the various price levels. By observing the demand schedule, we can conclude that as the price of the good increases then as a result the quantity demanded for that good falls. It represents various combination of price and quantity demanded.
Demand curve:
A demand curve refers to the graphical representation of the demand schedule which shows the relationship between the price of the commodity and the quantity demanded for that commodity. It is downward sloping curve which shows that there is an inverse relationship between the price of a good and the quantity demanded.