Answer:
Dr Depreciation Account 5,000
Cr suspense Account 5,000
Explanation:
Based on the information given if the amount of Rs.5,000 which was written off as depreciation on furniture has not yet been debited to depreciation account the appropriate Journal entry to rectify the transaction is :
Dr Depreciation Account 5,000
Cr suspense Account 5,000
(Being to rectify the amount of Depreciation not debited in depreciation account now recorded)
Answer:
The depreciation expense for Year 1 under units of production method is $5200.
Explanation:
The units of production method of depreciation charges the depreciation expense based on the activity level for which the asset was used during a period. There is an estimated useful life of the asset in terms of how many units it is expected to produce through out its useful life. The formula for units of production method of depreciation is,
Depreciation charge per unit = (Cost - Salvage value) / Total estimated useful of asset in units
Thus, per unit depreciation is = (30000 - 6000) / 60000 = $0.4 per mile
In the first year, the asset is used for 13000 miles so depreciation expense for the year is,
Depreciation expense Year 1 = 0.4 * 13000 = $5200
Sales is one occupation where profit is not determined by wage or salary limits set by an employer.
<h3>What is sales?</h3>
Sales include the step by step procedure that is used in spelling a goods or services.
The activity involves in sakes aims at selling the product to make profit.
Therefore, sales is one occupation where profit is not determined by wage or salary limits set by an employer.
Learn more on sales here,
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It’s really blurry i can’t see
Answer:
salespeople personally call on business customers to a far greater extent than they do consumers.
Explanation:
Business to business (B2B) markets differ from Business to consumers (B2C) markets because salespeople personally call on business customers to a far greater extent than they do consumers.
Under the B2B sells its products directly to other businesses such as wholesalers or retailers and not the end consumers.
On the other hand, the B2C market involves businesses selling their goods and services directly to the end consumers or users for personal use.
