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suter [353]
3 years ago
8

Knowledge Check 04 On December 29, 2015, Patel Products, Inc., sells a delivery van that cost $20,000. The equipment had accumul

ated depreciation of $16,000 at December 31, 2014. Annual depreciation on this equipment is $2,000 computed using straight-line depreciation. Complete the necessary journal entry to bring the accumulated depreciation up-to-date by selecting the account names and dollar amounts from the drop-down menus.
Business
1 answer:
KIM [24]3 years ago
8 0

Answer:

Depreciation expense $2,000

         To Accumulated depreciation - equipment $2,000

(Being the depreciation expense is recorded)

Explanation:

The journal entry is shown below:

Depreciation expense $2,000

         To Accumulated depreciation - equipment $2,000

(Being the depreciation expense is recorded)

For recording this we debited the depreciation expense as it increased the expenses and credited the accumulated depreciation as it reduced the value of the fixed assets. This both items should be recorded for $2,000

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If the marginal propensity to consume is 0.75, and there is no investment accelerator or crowding out, a $115 billion increase i
rodikova [14]

Answer: $460 billion, but the effect would be larger if there were an investment accelerator.

Explanation:

If the MPC = 0.75 and there is no investment accelerator or crowding out, then a $115 billion increase in the government expenditures would result in the shift in the aggregate demand curve right by:

= $115 billion ÷ (1 - 0.75)

= $115 billion ÷ 0.25

= $115 billion × 1/0.25

= $115 billion / 0.25

= $460 billion.

Therefore, there'll be a shift in the aggregate demand curve right by $460 billion, but the effect would be larger if there were an investment accelerator

4 0
2 years ago
If you help with my question i will get you brainlist
kifflom [539]
ok what’s the question tho
7 0
3 years ago
Read 2 more answers
The stockholders' equity section of the balance sheet for Potawatomi Corporation appeared as follows before its recent stock div
adell [148]

Answer:

Common stock = $110,000

Additional paid-in capital  = $130,000

Retained earnings = $170,000

Explanation:

Computation of the given data are as follows:

Common stock after issuing stock dividend = $100,000 + ( 10,000 ×10% × $10)

= $100,000 + 10,000 = $110,000

Additional paid-in capital after issuing stock dividend = 120,000 +  ( 10,000 ×10% × $10)

= 120,000 + 10,000 = $130,000

Retained earnings after issuing stock dividend = 150,000 +  ( 10,000 ×10% × $20)

= 150,000 + 20,000 = $170,000

7 0
3 years ago
The term _____ can be used to refer to the totality of a firm's organization, includingits organizational structure, control sys
melamori03 [73]

Answer:

B. organization architecture

Explanation:

Organization architecture refers to one of the most comprehensive terms in organizational sciences. It includes a thorough organizational structure with defined roles and processes, taking into consideration the human capital. Also, it describes the existing control mechanisms that ensure that processes are well maintained, as well as the incentives that drive motivation and set organizational goals.

8 0
3 years ago
Mariano helped lauren sell​ __________ business, which she had started only ten years ago.
Gre4nikov [31]
B)

A) C) D) don't fit the text,

Hope this somewhat helped! xD
5 0
3 years ago
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