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Schach [20]
3 years ago
8

Paxson began 2014 with the following non-current asset balances: Plant and equipment (net) $29,500; Patent (net) $14,000. No lon

g-term assets were purchased or sold during the year. How much amortization and depreciation expense did Paxson record during 2014?
Geography
1 answer:
eimsori [14]3 years ago
6 0

Answer:

0

Explanation:

assets balances for plant  and equipment (net) is $29500 while patent (net) is $14000

cost of assets = $29,500 + $14,000 =$43,500

Depreciation per year = <u>cost of asset - salvage value</u>

useful life of an asset

there is no salvage value indicated to calculate depreciation as well as useful live indicated.

for amortisation, which is the process of reducing the value of an asset or the balance of a loan by a periodic amount. it can be said that the information needed to answer the question is insufficient,

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Answer:

No solution

Explanation:

Cancel p on both sides.

that leaves -4=-9

Since -4 = -9 is false, there is no solution.

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A farmer who has grown corn for the past five years notices in the sixth year that his harvest is significantly smaller, despite
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3 years ago
During the french and Indian war France and Great Britain fought for control of north America territory what impact did the end
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