Answer: See explanation
Explanation:
The amount of depreciation for the month of January using the straight line depreciation method will be:
= (Cost - Salvage Value) / Life of Assets / 12 Months
= ($64,800 - $0) / 6 Years / 12 Months
= $10800/12
= $900 per month
The adjusting entry for depreciation on January 31 will be:
Dr Depreciation Expense - Computer Equipment $900
Cr Accumulated Depreciation-Computer Equipment $900
(To record the depreciation expense)
Answer: (C) One advantage of an LLC is that its owner has only limited liabilities.
Explanation:
A Limited Liability Company (LLC) has the main advantage of its owners having only a limited liability when it comes to debts and liabilities. This is because the LLC is a bit of a mixture between a partnership and a corporation.
This mix results from the fact that LLCs are formed by partners but their personal assets will be separated from the business like in Corporations which means that in case of default, only the assets they brought into the business will be targeted.
Answer:
REITs
Explanation:
Based on the scenario being described it can be said that the type of investment that Jefferson has made is known as a REIT. This term stands for Real Estate Investment Trusts, and are companies that own or finance income-producing real estate across a range of property sectors, such as hospitals, hotels, apartment buildings etc. This investment trade on major stock exchanges and the companies must meet certain requirements to qualify as a REIT such as needing to distribute at least 90 percent of the income to shareholders and that requires there be at least 100 shareholders.
Idk<span>s a branch of the economics field that studies how the aggregate economy behaves. In </span>macroeconomics<span>, a variety of economy-wide phenomena is thoroughly examined such as, inflation, price levels, rate of growth, national income, gross domestic product and changes in unemployment.</span>
She must me sure that she has at least $135 in her bank check and automatic payments. She shouldn't check the interest rate because debit cards don't carry a balance and there is no monthly payments.