<span>C) Open Market Operations</span>
Answer:
<u>Equipment:</u>
Dr. Cr.
Depreciation Expense $5,520
Accumulated Depreciation $5,520
<u>Land:</u>
Land never depreciates, so there is no adjusting entry for the Land purchased on year end.
Explanation:
Year end is not given in the data so, it is assumed the December 31 is the end of the year
Equipment
Depreciation for the year = ( Purchase price - Residual value ) / useful life
Depreciation for the year = ( $32,000 - $4,400 ) / 5 years
Depreciation for the year = $5,520
Answer:
money market fund
Explanation:
Based on the information provided within the question it can be said that the kind of account that Amber should open is a money market fund. The reason being that this is a fund that has a small time of maturity (usually 13 months) and since it includes investments that are low risk but with high rewards such as cash equivalent securities. Since this is exactly what Amber is looking for then we can say that this is the account that she should open.
Answer: Augmenting his income.
Explanation: Extra work means having an official fixed job and, in addition, after working hours, or in your free time (such as weekends), you dedicate yourself to other activities that can also generate income. Unlike what some people think, extra work does not need to be something completely different from what you usually do. Of course you can choose to formalize your hobby and earn money with it, but these tasks can also happen in other conventional work.
