1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anni [7]
4 years ago
5

The estimated amount of depreciation on equipment for the current year is $8,200. Journalize the adjusting entry to record the d

epreciation. If an amount box does not require an entry, leave it blank.
Business
1 answer:
olchik [2.2K]4 years ago
6 0

Answer:

Dr.    Depreciation Expense Account $8,200

Cr.    Accumulated Depreciation         $8,200

Explanation:

Depreciation is the expense that is charged from the fixed assets to the revenue. All the depreciation of the fixed asset are accumulated in a account of accumulated depreciation, which is contra asset account. the assets are reported on the balance sheet net of accumulated depreciation.

You might be interested in
A plane leaves Seattle, flies 85 miles at 30o north of east, and then changes direction to 45o south of east. After flying 115 m
ankoles [38]

Answer:

38 degrees South of East

Explanation:

X = 85cos30 + 115cos45 = 154.93

Y = 85sin30 + 115sin45 = 123.82

Tan A = y/x

tan A = 123.82/154.93

tan A = 0.7992

tan A = 38.63 degrees South of East.

The Seattle airport rescue crew team should fly 38.63 degrees South of East to get directly to the field.

8 0
3 years ago
all three level of professionals are required to run an organization or a business is smoothly classified as a statement ​
spayn [35]

All three levels of professionals are required to run an organization or a business smoothly. Justify this statement.

Answer:

It is TRUE that All three levels of professionals are required to run an organization or a business smoothly.

The three levels of professional required are:

Top-level management

Middle-level management

Low-level management

Explanation:

Top-Level Management

Top-level managers or professionals are the people that involve in taking an extensive means of actions or decisions for the firm or business as a whole and focus on the long-term success of the business or company. They take up roles such as Chief Operations Officer (COO), ), Chief Financial Officer (CFO), Chief Executive Officer (CEO), etc.

Middle-Level Management

Middle managers or professionals are an essential part of an organization and they are involved in the intermediate management operation whose responsibility involved supervising the lower-level managers to meet the company's goals. For example, they are General managers, branch managers, department managers, etc.

Low-Level Management

Low-level managers or professionals are a core part of organizations, they ensure there is a practical technique and creativity with strong interpersonal skills to maximize particular operational processes to achieve organizational success. For example, they are Office Manager, Shift Supervisor, Store Manager, etc.

7 0
3 years ago
The ______is a financial statement detailing a firm's assets, liabilities, and owners' equity.
Naddik [55]
I had this question before, the answer I got correct is D
3 0
4 years ago
On July 1, Shady Creek Resort borrowed $480,000 cash by signing a 10-year, 10.5% installment note requiring equal payments each
ss7ja [257]

Answer:

c. $50,400

Explanation:

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest

= $480,000 × 10.5%

= $50,400

hence, the  interest expense is $50,400

Therefore the correct option is c.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

8 0
3 years ago
If the government changed the per-unit tax from $5.00 to $2.50, then the price paid by buyers would be $7.50, the price received
Nataly [62]

Answer: Decrease government revenue and decrease deadweight loss from the tax.

Explanation:

Decrease gov rev and decrease deadweight loss from the tax.

At AB, the government revenue will be:

= Quantity × Tax rate

= 1 × 5

= 5

The deadweight loss will be:

Deadweight Loss= 0.5 × Change in quantity × Change in Price

= 0.5 × (9-4) × (2-1)

= 0.5 × 5 × 1

= 2.5

At CD,

the government revenue will be:

= 1.5 × 2.5

= 3.75

The deadweight loss will be:

= 0.5 × (7.5-5) × (2-1.5)

= 0.5 × 2.5 × 0.5

= 0.625

Based on the calculation above, both the government revenue and the deadweight loss decreases.

8 0
3 years ago
Other questions:
  • Hyatt Hotels has installed automated check-in machines at some of its hotels. To check in and get a room key, guests insert a cr
    11·1 answer
  • A gift shop ended the year with a balance of $20,000 in the Merchandise Inventory account. A physical count of the inventory rev
    11·2 answers
  • Prepare adjusting journal entries, as needed, for the following items.
    5·1 answer
  • Blossom Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at co
    13·1 answer
  • Chloe’s Café sells gourmet cinnamon rolls. In the long run, the café incurs a total cost of $500 to produce 1,000 cinnamon rolls
    10·1 answer
  • Question 1 What forces have caused cost and management accounting systems designed decades ago to become less relevant and less
    12·1 answer
  • Hal and Gavin are siblings who own a mattress recycling company. Demand has been increasing for their services and the brothers
    7·1 answer
  • F brown lent us 4000 giving us the money by cheque​
    6·1 answer
  • Jane decided to incorporate her business under the name of Star, Inc. Before Star was incorporated, Jane signed a contract with
    9·1 answer
  • RecRoom Equipment Company received an $12,600, six-month, 5% note to settle an $12,600 unpaid balance owed by a customer.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!