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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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A business’s total revenue for a specified period is $500,000, its operating expenses are $50,000, and its net profit if $150,00
creativ13 [48]

Answer:

your answer is 300,000

8 0
3 years ago
​Andre, Beau, and Caroline share profits and losses of their partnership in a ​:​: ratio respectively. If the net income is ​, c
Brums [2.3K]

Answer: $545,454.55

Explanation:

Caroline's share of the profit would be her sharing ratio over the total ratio time the net income.

= (6 / ( 6 + 2 + 3)) * 1,000,000

= 6/11 * 1,000,000

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= $545,454.55

7 0
3 years ago
The number of businesses owned by hispanics and asians has:
Lina20 [59]

The answer is Minority-owned businesses. The growth in number of businesses owned by African Americans, Hispanics, and Asian Americans has outpaced overall growth and the Immigrants own nearly 15 percent of all small businesses and are more likely to own small businesses than native-born citizens.

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4 0
3 years ago
Under the current/noncurrent method
sattari [20]

Answer:

a)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency appreciates (depreciates).

Explanation:

6 0
3 years ago
When determining the markup to be used in a cost-plus pricing formula, many companies base the markup on a target: return on inv
Grace [21]

Answer:

return on investment

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Therefore as per the given situation the first option is correct

6 0
3 years ago
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