Answer:
Please see the answer below:
Explanation:
(a)
Debit: Accumulated Depreciation $53,990
Credit: Delivery Equipment $53,990
To record disposal of delivery equipment.
(b)
Debit: Accumulated Depreciation $37,080
Debit: Loss $16,910
Credit: Delivery Equipment $53,990
To record Loss on disposal of Delivery Equipment.
Answer:
market analysis, competitive analysis, and specific marketing actions.
Explanation:
hope this helps
Answer:
$1,200
Explanation:
Actual Cash Value defined either as i) the fair market value of the item, or ii) the Replacement Cost of the item minus depreciation based upon the age of the item that was damaged.
Replacement cost = $2,000
Depreciation= 3 years remaining of it's life = 3/5 × 100 = 60%
Actual cash value = $2,000 × 60% = $1,200.
Answer:
C. Move to fiat currency
Explanation:
Gold Standard
Gold standard is a monetary system where the paper money issued by the government through its monetary authority must be backed a defined quantity of gold. But nations have since moved from that gold standard and to a monetary system known as Fiat currency. under gold standard the value of money is commensurate with the value of gold backing such a currency.
Fiat currency
When monetary authority issue paper money that is not backed by gold but with the faith of the issuing authority, such is called fiat currency or fiduciary issue. Fiduciary issues is purely based on trust in the government issuing it.
The answer is D. Total assets decreasing since they're depreciated. But total expenses will increase for sure in order to replace the depreciated equipment.
