Answer:
Depreciation expense for the year ended December 31, 2018 equals: $1,725
Explanation:
Orangewood uses straight-line depreciation, Depreciation Expense each year is calculated by following formula:
Depreciation Expense = (Cost of asset − Residual Value)/Useful Life
In Orangewood:
Cost of ash register is $7,500. The company plans to use the cash register for 4 years and then sell it for $600, therefore, Residual Value is $600 and Useful Life is 4 years.
Depreciation Expense each year = ($7,500-$600)/4 = $1,725
The cash register was bought on January 1, 2018. Depreciation expense for the year ended December 31, 2018 equals: $1,725
Answer:
Labor leads to more love when participants successfully completed the task.
Explanation:
The answer is already provided in the question.
Here are the
things needed to be considered:
20 feet= 1
TEU
40 feet= 1
TEU
<span>For 70
twenty-foot containers, multiply it with the conversion factor (1 TEU/1
twenty-foot) then cancel the twenty-foot unit. The answer is 70 TEUs. As for 30
forty-foot containers, you apply the same process but you use the 2nd conversion
factor which is (2 TEUs/ 1 forty-foot). The answer is 60 TEUs. </span>
<span>So 70+ 60= 130 TEUs
</span>
Answer: deduct the check amount from the bank balance
Explanation:
From the question, we are informed that during the month of July, Clanton Industries issued a check in the amount of $934 to a supplier on account but the check did not clear the bank during July.
Since we are told that the check did not clear the bank in July, when preparing the July 31 bank reconciliation, the company should make sure that the amount on the check is deducted from the balance of the bank.
