Answer:
b. $16,700
Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($98,500 - $15,000) ÷ (5 years)
= ($83,500) ÷ (5 years)
= $16,700
The original cost is computed below:
= Original cost of machinery + freight charges + cost of building a foundation and installing the machinery
= $85,000 + $3,500 + $10,000
= $98,500
In this method, the depreciation is same for all the remaining useful life
The answer is a valid contract. A valid contract occurs when
both parties has expressed or had shown agreement when engaging to certain
services or products as means of showing that they both have negotiate and came
to an understanding of agreement with what they are pertaining to in which is
shown above as the adults involved has an agreement of paying the bicycle that
shows a valid contract.
Answer:
D. Net Accounts Receivable will be understated
Explanation:
