Answer:
depreciation expense 6,375 debit
accumulate depreciation printer 6,375 credit
Explanation:
To calculate the depreciation we will follow this steps:
1.- Calculate the amount subject to depreciation
purchase 59,000
salvage (8,000)
depreciable amount 51,000
2.- We calculate the striaght-line depreciation
depreciable amount / useful life
51,000/4 = 12,750
Now this amount is for a complete year. The printer enter the accounting on June 30th so at December 31th we have half-year
12,750 --> complete year
12,750/2 --> half year = 6,375
3.- we do the entry:
we recognize the depreication expense
and increase the accumulated depreciation on the printer
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Answer:
Equilibrium quantity is 1500
Explanation:
The equilibrium quantity is achieved at a point where the quantity demanded equals quantity supplied.
Qd=Qs
Qd=1,600 – 50P
Qs== 1,200 + 150P
1,600 – 50P=1,200 + 150P
We need to collect like terms
1600-1200=150P+50P
400=200P
P=400/200
P=2
We need substitute 2 for P in any of Qd or Qs
Qs=1200+(150*2)=1500
A policy owner would need an irrevocable beneficiary designation to change the beneficiary on a life insurance policy and make the change permanent.
A person designated to acquire the assets in a separate fund contract or a life insurance policy is an irrevocable beneficiary. The beneficiary status is unchangeable. You cannot change the recipients or the conditions of the policy on your own, and you cannot dismiss the policy without the beneficiary's consent.
The beneficiary must concur with any alteration in these entities' rights to compensation. Hence, a policy owner would need an irrevocable beneficiary designation to change the beneficiary on a life insurance policy and make the change permanent.
To learn more about irrevocable beneficiaries: brainly.com/question/10503081
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Answer: It is a No problem gift.
The first type of no-problem gift is personal property.
on which you did not claim Section 179 expensing,
that is not listed property, and
that would not produce a deductible tax loss if sold by you.
Explanation: