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Alekssandra [29.7K]
3 years ago
11

Steve’s Outdoor Company purchased a new delivery van on January 1 for $47,000 plus $4,000 in sales tax. The company paid $13,000

cash on the van (including the sales tax), signing an 8 percent note for the $38,000 balance due in nine months (on September 30). On January 2, the company paid cash of $900 to have the company name and logo painted on the van. On September 30, the company paid the balance due on the van plus the interest. On December 31 (the end of the accounting period), Steve’s Outdoor recorded depreciation on the van using the straight-line method with an estimated useful life of 5 years and an estimated residual value of $4,700. Compute the depreciation expense to be reported for Year 1.
Business
1 answer:
cupoosta [38]3 years ago
3 0
Sorry idk the answers i’m just trying to ask my questions... sorry
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ra1l [238]

Answer:

The answer is "The last choice"

Explanation:

While comparing 2 assets or portfolio management, the risk of each portfolio and the rates of return of each portfolio should be taken into consideration. Whether the same danger is in the two assets. One should be preferred with both the higher return and one from the lowest risk should be recommended unless the two have the same rate of return. Portfolio A consequently either has a higher return and an at least as low fluctuation as B, or even lower volatility as well as an anticipated return at least as strong as B.

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As a researcher, what would you do if you set to reject the null and found the null to be true?
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3 years ago
After several years of study as a part-time student, Alex recently earned a degree in marketing at a local college. The growth i
e-lub [12.9K]

Answer:

A) TRUE

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8 0
3 years ago
Powell Company began the Year 2 accounting period with $20,000 cash, $60,400 inventory, $48,600 common stock, and $31,800 retain
jekas [21]

Answer:

Explanation:

1

Dr Accounts Receivable  74600                    

   Cr Sales Revenue   74600                  

Dr Cost of Goods Sold   37900                    

    Cr  Inventory     37900                  

2

Dr Freight Out  310                    

   Cr Cash     310                  

3

Dr Sales Revenue   3880                    

   Cr Accounts Receivable   3880

Dr Inventory    1910                    

 Cr Cost of Goods Sold    1910                  

4

Dr Sales Revenue   1160                    

   Cr Accounts Receivable    1160                  

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Dr Cash   53300                    

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3 0
4 years ago
Which of the following individuals are not subject to the net investment income tax?
Whitepunk [10]

Answer:

NRAs stands for Non- resident Aliens and who is single

Explanation:

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The concluding regulations offer special rules to those couples and a correlate section for the NIIT (Net investment income tax).

Note: The options are missing, so providing the direct answer.

5 0
3 years ago
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