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german
2 years ago
7

Hank’s Tax Planning Service bought computer equipment for $19,200 on January 1, 2012. It has an estimated useful life of 4 years

. Hank records depreciation monthly. As of September 30, 2012, Hank has recorded total depreciation expense for this equipment of:1. $24002. $36003. $4004. $14400
Business
1 answer:
Olegator [25]2 years ago
3 0

Answer:

2. $3600

Explanation:

The computation of the depreciation expense under the Straight-line method: is shown below:

= (Purchase value of computer equipment - residual value) ÷ (estimated useful life)

= ($19,200 - $0) ÷ (4 years)

= ($19,200) ÷ (4 years)  

= $4,800

The depreciation that is calculated above is on yearly basis. But on monthly basis, the depreciation should be calculated from January 1, 2012 to September 30, 2012 i.e for 9 months

So, the depreciation would be

=  $4,800 × 9 months ÷ 12 months

= $3,600

We assume the deprecation is calculated on the straight-line method

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Answer:

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Allocate indirect labor         <em>Credit Factory wages payable</em>

Pay factory property tax      <em>Debit Factory Overheads</em>

Purchase materials              <em>Debit Raw material inventory</em>

Use direct materials            <em>Credit Raw material inventory</em>

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3 years ago
An employee at a company is suffering from severe back injury, which is a covered disability. The employee comes to know of a va
lana [24]

Answer:

The correct option is B.

Explanation:

The Americans with Disabilities Act (ADA) was passed in 1990, and it was passed with the intention of putting an end to discrimination based on a disability.

From the scenario given above, the Americans with Disabilities Act (ADA) covers the employee. Therefore, the employee must not be discriminated against in relation to a vacant position in the company, provided he/she is qualified.

We can see from the options provided, that options A, C, and D possess some form of discrimination, and only option B has no form of discrimination, rather it considers that the employee can apply for an open position as long as he/she is qualified.

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3 years ago
Within economics, the theory of scarcity says that there are unlimited wants and a finite amount of resources. However, history
nika2105 [10]

Answer:

According to the economists, the resources are scarce and human wants are unlimited. So, it is difficult to satisfy each and every want of people. But according to the theory of abundance, we can overcome from this problem by division and specialization of labor. If there is a proper division of labor according to their specialization then this will increase the productivity and one can produce more goods with the same level of resources.

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3 years ago
All of the accounts of the Grass is Greener Company have been adjusted as of December 31, 2016, with the exception of income tax
yulyashka [42]

Answer:

The income before tax is $370450, the income tax is $111135 and the net income is $259315.

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As the data table is not visible,online a similar question is found for which the data is attached here with.

From the given data

Service Revenue=$943,000

Interest Revenue=$127,1000

Total Revenue=Service Revenue+Interest Revenue=$1070100

Now The expenses are given as

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Repairs and Maintenance Expense =$258,300

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Income=Total Revenue-Total Expense

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So the income tax is $111135.

Now the Net income is given as

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8 0
3 years ago
120*45+120*54*120+0+0+0+0+0+0+0=
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Answer:

783000

Explanation:

3 0
2 years ago
Read 2 more answers
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