This is true. Hope I could help!
Answer:
$4,908,000
Explanation:
The computation of accumulated depreciation expense for this purchase is shown below:-
Depreciation expense = ((Cost of machine - Salvage) ÷ Estimated useful life of machine)
= (($40,900,000 - $4,090,000) ÷ 15) × 2
= $36,810,000 ÷ 15 × 2
= $4,908,000
Therefore for computing the depreciation expense we simply applied the above formula.
Answer:
Dr Bond investment $50,000
Cr cash $50,000
Dr cash $1,250
Cr interest revenue $1,250
Dr cash $50,000
cr bond investment $50,000
Explanation:
On July 1 2019,Red company would have parted with cash of $50,000 which means that cash account should be credited with $50,000 while bond investment account is debited with same amount
On receipt of first interest payment of $1,250 (5%*$50,000*1/2) cash is debited with $1,250 while interest revenue is credited with the same amount.
Upon receipt of face value at redemption,the journal entry would be opposite of the initial one
<span>The cost per unit is derived from the variable costs and fixed costs incurred by a production process, divided by the number of units produced.
Hypothetically lets say variable costs for Kubin company's production is $50,000 and their fixed costs are $25,000.
$50,000 variable costs + $25,000 fixed costs / 21,500 units = $3.49/unit.</span>
Answer:
Routing number, account number and check number
Explanation:
There are three numbers present at the bottom of the check. On the left side or the first number is a nine digit number that is also called RTN, is routing number. This represents the code of the bank where the account was opened.
Second number in the middle is the account number which is a unique number. All transactions are carried out using this number.
The last number on the right side is the check number. It just represents the check number that one is writing to maintain records.
