Answer:
4000x70=280000
5350x62=331700
7542x49=369558
add that all up to get $981258
Hope this helps!
Answer:
The correct answer is C. the decline in the economic value of an asset over time
Explanation:
Depreciation : Depreciation is a decreasing value of the asset due to tear and wear, obsolesce, usage, etc
It is charged on the fixed assets which include plant and machinery, furniture and fixtures, building, computer, equipment, etc.
The sum of gross and net investment is not called the depreciation because gross investment is an expenditure which is incurred on new purchase while net investment is a difference between gross investment and deprecation. So, option B is incorrect.
Depreciation should not be charged on intangible assets because in intangible asset, the amortization is charged. Thus, option B is incorrect.
The decrease in the general price level is disinflation or inflation decreased. So, option D is also wrong
Hence, The correct answer is C. the decline in the economic value of an asset over time
I believe the answer is: D. excise tax
.
Purchase tax refers to the tax that must be paid by the buyer whenever they purchase a certain product. One of the example would be an excise tax.
Excise tax is the tax that buyers must paid when we buy a product that create some sort of negative effect to the society or environment. Example of an excise tax would be gasoline tax.
Answer:
market operations ? markets have operations?
The increase in the Notes Payable account would be recorded with a credit.
<h3>Notes payable account:</h3>
Assuming the company purchased land in exchange for a $25,000, 10-year note payable the increase in the Notes Payable account would be recorded with a credit.
The appropriate journal entry to record this transaction will be:
Journal entry
Debit Land $25,000
Credit Notes Payable $25,000
(To record note payable)
Inconclusion the increase in the Notes Payable account would be recorded with a credit.
Learn more about notes payable here:brainly.com/question/14816928
