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Mice21 [21]
3 years ago
9

A company issued a purchase order on December 15, year 1, for a piece of capital equipment that costs $100,000. The capital equi

pment was shipped from the vendor on December 31, year 1, and received by the company on January 5, year 2. The equipment was installed and placed in service on February 1, year 2. On what date should the depreciation expense begin?
Business
1 answer:
anyanavicka [17]3 years ago
5 0

Answer: Option D

Explanation: Depreciation refers to the wearing and tearing of asset that occurs due to the usage of it. This is usually calculated on fixed assets having finite useful life.

Therefore, depreciation can occur only after the asset is put into use for business operations and is generating revenue to the company. In the given case the asset purchased has been into use on February 1 , year 2, therefore depreciation should begin from this date.

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If you were the leader of a country facing a rebellion, how would you deal with it?
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You have written a call option on Walmart common stock. The option has an exercise price of $89, and Walmart’s stock currently t
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2 years ago
A characteristic of centrally planned economies is that:
photoshop1234 [79]

Answer:

The correct answer is letter "B": the price is relatively unimportant in allocating resources.

Explanation:

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<em>Allocation price is irrelevant when it comes to command economies since only those vital goods such as staples are paid attention.</em>

4 0
3 years ago
On June 1, 2015 Heloise gave Henrietta a gift of stock worth $10,000. Heloise had purchased the stock on January 1, 2015 for $13
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Answer:

$500 short-term capital gain

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