Answer:
The equity for this firm is $32,540
Explanation:
<u>Using the accounting equation we can solve for the equity:</u>
assets = Liabilities + Equity
Equity = Assets - Liabilities
Now, we need to determiante the totals for assets and liabilities and sovle for equity:
Cash 31,800
Supplies 740
Equipment <u> 11,300 </u>
Total Assets 43,840
Liabilities 11,300
Equity = 43,840 - 11,300 = <em>32,540</em>
Answer:
<h2>
RECEPTIONIST NEEDED - FRONT DESK</h2>
<em>JustJay Limited is looking to hire a young and vibrant young person to join</em>
<em> our team as a receptionist for the front desk. </em>
<h2>Responsibilities</h2>
- Welcoming clients and prospective clients.
- Handling both outgoing ang incoming calls to route them as required.
- Handing mail logistics.
- Carrying out other Administrative duties as required.
<h2>Qualifications</h2>
- Age between 21 and 28
- Computer literate
- Must possess great Interpersonal skills
- Must be a team player
- GED holders are welcome to apply.
- Experience in similar role would be an added advantage.
WE OFFER ATTRACTIVE PACKGAGES.
<em>Send us your CV at </em><em>hrjustjayltd . com</em><em> or contact us on </em><em>1</em><em> </em><em>- 585 - 244 - 8522</em><em>. </em>
Answer:
Explanation:
1) False. As depreciation is a process of cost allocation, not asset valuation.
2) True.
3) False. As the book value is different from market value and it can be more or less.
4) False. As depreciation applies only to building and equipment.
5) False. The correct statement ought to be depreciation does not apply to land because its usefulness and revenue-producing ability generally remain intact over time.
6) True.
7) False. Recognizing depreciation on assets results in an accumulation of cost for replacement of the asset.
8) True.
9) False. Accumulated depreciation is recorded in a balance sheet while depreciation expense is reported in the income statement.
10) False. As salvage value is the same as residual value, hence, it three factors affect the computation of depreciation.
An earned value report will likely show all of these measures.
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