Hi there
First find the rate of depreciation
100/estimated useful life
100/5years=20%
You should subtract the salvage value from the cost of the van
28000-3000=25000
Second the time from september 1 to
december 31 is 4months
Now find the depreciation expenses
25,000×0.20×(4÷12)
=1,666.67 round your answer to get
1667 is the answer
Good luck!
Answer:
- Inventory
- Current Liabilities
Explanation:
The journal to record the given transaction is shown below:
Inventory A/c Dr $50,000
To Accounts payable $50,000
(Being the purchase of inventory is recorded)
Since the inventory is a purchase which increases the inventory so the respective account is debited and the account payable is credited as its increases in current liabilities
So, no impact on total stockholders
Out of order means they aren’t working out of inventory means there is no more inventory left in that room
Answer: Establishing a new performance standard.
Explanation: Performance standards are goals which are set about productivity and profitability. Performance standards usually starts by the setting of a certain performance expectations or goals which are to be achieved. Examples may include: Progress in an organisation is gauge when a certain landmark or progress linked to an individual goals and objectives are reached or obtained.
