Answer:
$3,340
Explanation:
Step 1 : Determine the Depreciation rate
<em>Depreciation rate = Cost - Salvage Value ÷ Estimated Units</em>
Depreciation rate = $0.10
Step 2 : Depreciation Expense
<em>Depreciation Expense = Depreciation rate x units produced</em>
Depreciation Expense = $3,340
Therefore,
the machine's second-year depreciation using the units-of-production method is $3,340
Answer:
it is an easiest type of business to set up because it requires small capital to start but has many disadvantages such as bearing all the risks alone.etc
Answer:
B. Cash 1,300 Dr, Accounts Receivable 1,200 Dr, Consulting Revenue 2,500 Cr
Explanation:
Kincaid Company
Journal Entry
Date Description Debit Credit
Cash $1,300
<em>Accounts Receivable $1,200</em>
Consulting Revenue $2,500
Jack can face multiple risks.
He can be injured or killed in a car wreck.
He can injure or kill someone in a car wreck.
Bills.
Car note.
Gas Money
Tickets.
Parking.
Hope this helps Buddy!
- Courtney