1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vaselesa [24]
2 years ago
11

Suppose a manufacturing plant purchased a new heating system in December, 2015 and, after installing and testing the equipment,

it was put into service on January 1, 2016. The total cost to put the equipment into service was $55,000; it is expected to have a useful life of 5 years and a salvage value of $5,000.
Record the Transaction:Using the straight-line method of depreciation, what will the entry be to record depreciation for the 6 months ending June 30, 2016?
Business
1 answer:
garri49 [273]2 years ago
8 0

Answer:

Depreciation for 6 months ending June 30, 2016 is $ 5,000 and the accounting entry to record the transaction is:

Depreciation Expense  - Debit                    $ 5,000

Allowance for Depreciation  - Credit           $ 5,000  

Explanation:

The depreciation charge for the year is calculated as follows:

Total cost of the equipment                             $ 55,000

Salvage Value                                                    $  5,000

Net Depreciable value                                      $  50,000

Estimated Useful Life                                           5 years

Annual Depreciation expense(50000/5)         $ 10,000

Depreciation for 6 months (10000/2)               $ 5,000

You might be interested in
Tom frequently _______ in the 4 of his friends and family. My Answer:
Vesnalui [34]
The correct answer is meddles. The sentence will be phrased as, Tom frequently meddles in the 4 of his friends and family. 
Medals are a noun which is defined as receiving a reward because of an achievement from a specific field.
Metals are inorganic objects such as Aluminium and others.
Mettles doesnt exist. 
6 0
3 years ago
When a practitioner is ensuring that the message he is sending to stakeholders is easy to follow, he is observing the ________ g
Rom4ik [11]

When a practitioner is ensuring that the message he is sending to stakeholders is easy to follow, he is observing the <u>C. Logic</u> guideline for effective communication.

A Stakeholder may be a wide variety of people impacted or invested in the task. As an example, a stakeholder can be the owner or even the shareholder. However, stakeholders can also be employees, bondholders, customers, providers, and companies. A shareholder can be a stakeholder.

The easy way to remember these 4 categories of stakeholders is by using the acronym UPIG: customers, providers, influencers, governance.

Stakeholders encompass all individuals or companies who have a vested interest in the performance of the business. It is vital that firms build healthful and balanced relationships with their stakeholders, as their stage of authenticity is determined by how properly they meet their stakeholders' needs.

Your question is incomplete. Please read below for the missing content.

When a practitioner is ensuring that the message he is sending to stakeholders is easy to follow, he is observing the ________ guideline for effective communication.

a. tact

b. specificity

c. logic

d. relevance

Learn more about Stakeholders here brainly.com/question/4404879

#SPJ4

7 0
2 years ago
A price elasticity of infinity corresponds to a demand curve that is:
ycow [4]
<span>A price elasticity of infinity corresponds to a demand curve that is horizontal. That would be considered perfectly elastic, and in a perfectly elastic demand situation something can sell as much as much as it wants as consumers are ready to purchase a large quantity of product.</span>
3 0
3 years ago
When individuals are looking for jobs but are unable to find work, they are said to be?
sveta [45]
These individuals would be said to be unemployed. Unemployment rates are based off the number of people who are actively looking for jobs but currently can't find work. Technically, unemployment rates can be higher, since the people who've given up on looking for jobs aren't factored into the unemployment rates! 
3 0
3 years ago
Read 2 more answers
What is the rationale behind the optimal choice of the consumer?
Lostsunrise [7]
According to rational choice theory, individuals use their self-interests to make choices that will provide them with the greatest benefit.
8 0
2 years ago
Other questions:
  • Which of these terms means "limited resource"?
    10·2 answers
  • Shawna wins the lottery and her income increases by 60 percent. she used to buy 10 pints of cottage cheese per month and now she
    15·1 answer
  • QUESTION 4<br> Which of the following payment types require you to pay upfront?
    8·2 answers
  • Cost push is most likely to occur in those industries in which management or labor is so strong that it can dictate prices. True
    7·1 answer
  • You are given the following total utilities of apples and mineral water obtained by
    13·1 answer
  • Which of the following is an example of a capital market instrument? Group of answer choices Banker's acceptances. Commercial pa
    12·1 answer
  • According to classical economic theory, a market economy: Select one: a. is self-regulating b. will automatically adjust to the
    8·1 answer
  • Sandra Stone, Vice President of International Operations for Global Apparel Corporation, was working with her subordinate, Pete
    9·1 answer
  • Choose the correct word in brackets to complete the following:(1) Which fluctuate more-long-term or short-term interest rates? W
    7·1 answer
  • Johnny Depp has just invested in a group of companies that are young and that he feels are going to have a large increase in pri
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!