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AleksAgata [21]
3 years ago
11

Nebraska Communications is considering the purchase of a new satellite. The firm believes the satellite will help generate futur

e earnings. In addition, the firm recognizes the tax benefits of a lower net income provided by the annual ________ of the asset.
Business
1 answer:
maks197457 [2]3 years ago
4 0

Answer:

Depreciation

Explanation:

Businesses are permitted to use depreciation as an expense of business operations. This extra expense will lower a firm's taxable income.

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Why are posting references entered in the journal when entries are posted to the ledger accounts?
wolverine [178]

Answer:

c. So we know that the entry has been posted.

Explanation:

  • The posting reference are entered in the journal entries are done so as to find them in the account ledgers and these entres are post in the this account is insert to keep and store the booking entry for the balance sheets and includes the incomes statements and accounts like the receivables and the accounts payable and accrued expenses also.
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3 years ago
Christie and Jergens formed a partnership with capital contributions of $390,000 and $490,000, respectively. Their partnership a
xxMikexx [17]

Answer:

Christie 's share =  $ 37759.09

Jergens Share = $ 47,441

Explanation:

Partner's Profit share are calculated after the deduction of salary or any other interest incomes.

Profit for the current year = $ 163,000

Christie' s Salary                    $ 69,000

Christie Interest Income          $ 3900

10 % 0f $ 390,000

Jergens  Interest Income         $ 4900

10 % 0f $ 490,000

Profit  Balance                                       $ 85,200

Profit Sharing Ratio

Christie : Jergens

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39: 49

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Jergens Share = $ 85,200 * 49/88= 47440.9= $ 47,441

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3 years ago
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