Expanding businesses often centralize distribution to create more efficient processes.

ABO purchased a truck at the beginning of 2018 for $140,000. They sold the truck at the end of 2019 for $95,000. If the expected

kompoz [17]

Answer:

Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.

Explanation:

First determine the Accumulated depreciation on the Truck

Depreciation Expense = Cost - Residual Value / Estimated Useful years

= ($140,000 - $20,000) / 6

= $20,000

Accumulated Depreciation :

2018 : $20,000

2019 : $20,000

Total : $40,000

Then Process the Sales journal to determine the profit or loss on sale of Truck as follows :

Accumulated Depreciation $40,000 (debit)

Cash $95,000 (debit)

Profit and Loss $5,000(debit)

Cost : Truck $140,000 (credit)

Conclusion :

Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.

5 0

3 years ago

List the four stages of ability development. Provide an example of a person developing a specific ability. What would each stage

docker41 [41]

Jean Piaget was a Swiss philosopher and psychologist who introduced a theory of cognitive development like Sigmund Freud Jean thought human development can be described in stages (of course leaving the sexuality part of Freud out). The stages are:
Sensorimotor. Birth through ages 18-24 months (Explorer)

Preoperational. Toddler-hood (18-24 months) through early youth (age 7)
( children learn to think abstractly, understand symbolic concepts, and use language etc.)

Concrete operational. Ages 7 to 12 (Understanding complexities)

Formal operations: Pre-adulthood through adulthood (Hypothetical, and theoretical reasoning)

4 0

3 years ago

Read 2 more answers

Ordering a mocha latte and paying for it from the starbucks smartphone app is using what type of internet commerce?

FromTheMoon [43]

You are using M-Commerce (Mobile Commerce).
It is a type of e-commerce that can be handled from a mobile phone, a PDA or smartphone The first M-Commerce was launched in 1997, and since then its use has become widely spread worldwide. There are different payment methods to choose from, such as: contactless payment, credit cards and debit cards, micropayment services, and stored-value cards

7 0

2 years ago

Christopher, an accounts manager at a mid-sized health care firm, does not have any direct international responsibilities; howev

monitta

Answer:

better understanding how foreign operations affect the company's competitive advantage.

Explanation:

Based on the scenario being described within the question it can be said that Christopher would greatly benefit by better understanding how foreign operations affect the company's competitive advantage. Mostly due to the fact that it would allow Christopher to determine certain aspects or scenarios that the company may not realize and maybe help him climb in the ranks.

7 0

3 years ago

The decision to purchase a good or service or a customer benefit package is based on an assessment by the customer of the percei

quester [9]

Answer: True

Explanation:

The decision to purchase a good or service or a customer benefit package is totally based on the price of that package or a good and on the benefits that a consumer will received after the purchase. A rational consumer will compare the price of a good with the perceived benefits. If the perceived benefits worth greater or equal to price then a consumer may purchase that product otherwise not. Therefore, a consumer's decision is largely depend upon the ratio of price and benefits.

8 0

3 years ago