Answer:
$4,750
Explanation:
The computation of the depreciation expense is shown below:
= (Original cost - residual value) ÷ (useful life)
where,
Original cost = $18,000 + $500 + $2,500 = $21,000
And, the other items would remain same
Now put these values to the above formula
So, the value would be equal to
= ($21,000 - $2,000) ÷ (4 years)
= ($19,000) ÷ (4 years)
= $4,750
Answer:
The correct answer is letter "D": Insurance companies will only cover losses suffered while the policy is already in place.
Explanation:
Regardless of the type of insurance you purchase, the purpose of the coverage is having a policy in case an unexpected unfortunate event takes place. <em>Insurances do not enroll individuals who need the policy just because of an ongoing accident</em>. Those individuals could enroll in an insurance plan but the ongoing accident will not be covered by the company. Only those events happening when the policy is already valid are subject to evaluation for coverage.
Answer:
$69
Explanation:
Calculation for Central Park's taxable income
Pretax accounting income $80
Less Temporary differenceDepreciation (15)
($35 – $20)
Bad debt expense $4
($6 – $2)
Taxable income$69
($80-$15+$4)
Therefore Central Park's taxable income will be $69
The Davis family grows organic vegetables to sell at a local farmer’s market. Which are factors that directly affect their profit?
Answer: Since there are no options to select from I will mention the most important key factors that should be taken into consideration when you are growing organic vegetables. The field site selection is one. Field topography and finally management of soil in selection and quantity.
I hope it helps, Regards.
