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aev [14]
3 years ago
9

Kertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2011 and December 31, 2012: 2011 2012 N

et fixed assets 200,000 250,000 On its 2012 Income statement, Kertis recorded depreciation expense of $23,000. Assume that Kertis had Accumulated depreciation in 2011 of $ 109,314 . If Kertis did not sell any fixed assets in 2012, what would Kertis have recorded as Accumulated depreciation in 2012
Business
1 answer:
Tems11 [23]3 years ago
4 0

Answer:

Accumulated depreciation in 2012 is $132,314

Explanation:

                                    2011                 2012

Net fixed assets       $200,000       $250,000

Depreciation expense = $23,000

Accumulated depreciation in 2011 = $109,314

Depreciation in 2012 = $23,000

Accumulated depreciation in 2012 = $109,314 + $23,000

= $132,314

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3 years ago
At the beginning of 2019, a corporation had assets of $270,000 and liabilities of $160,000. During 2019, assets increase $25,000
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Answer:

Shareholders Equity = $130000

Explanation:

given data

asset beginning  = $270,000

liabilities beginning = $160,000

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solution

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