Answer:
B. Is the process of allocating the cost of a plant asset to expense.
Explanation:
Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's listed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.
Moreover, it is a process in which there is an allocation of the cost of fixed assets to the expense account over their estimated useful life
Answer:
$159,500
Explanation:
Total assets = $870,000
Total liabilities = $745,000.
Total equity is the difference between the assets and liabilities according to the accounting equation. Therefore,
Total equity = $870,000 - $745,000
= $125,000
Increase in asset during the year = $59,000
Increase in liabilities during the year = $24,500
Therefore, increase in equity
= $59,000 - $24,500
= $34,500
At the end of the current year, stockholders' equity is made up of the opening balance and the increase during the year. Hence,
current year's stockholders' equity = $125,000 + $34,500
= $159,500
Long-Grained rice. Hope this helps:)
People may disagree with one another. This may lead to fights either verbally or psychically. Yes, in my opinion it is as people can be expressing ideas that could change the world.
Answer:
Our treatment covers whole nine yards - from the common cold to strep throat to whooping cough.
Thank you for your recent donations to support Metropolitan Health Center.
Explanation:
The donors should be given a nice thank you for the support they have made to the Metropolitan Health Center. The donors have donated and supported the center during this fundraising campaign. The donors must feel appreciated as they have supported the center. The letter should start from a big Thank you to all the donors.
