Answer:
C. include a credit to the equipment accumulated depreciation account.
Explanation:
Since Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should include a credit to the equipment accumulated depreciation account.
In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.
The answer is "trade barriers"
Answer:
Sure! Is there any platform you want to talk on?
Explanation:
Answer: d. The invoice amount is greater than $3,300 and less than $3,400.
Explanation:
The terms of the sale are FOB destination, 2/10, n/30. This means that company B will get a 2% discount if they pay in 10 days, if not, they will have to pay in 30 days.
The goods were sold at a list price of $4,200.
Company B returned $750 according to the Credit memo from Company A.
This reduces the transaction amount by that credit memo,
= 4,200 - 750
= $3,450
It is stated that Company B paid within the discount period which was 10 days so they get the discount for a total balance of,
= 3,450 * (1 - 2%)
= $3,381
The answer therefore is option D.
Answer:
Common resource
Private Good
Public Good
Explanation:
A common resource would be any limited commodity, including such water or farmland, which offers tangible advantages to consumers but which no one in specific owns or has sole rights to.
Private commodities are items that must be bought in order to be eaten, and one person's consumption forbids another individual from purchasing them.
Public good can contribute to: social interest, an useful that is both non-exclusive and non-rival.
