Answer:
$34,200
Explanation:
Step 1 : Cost of Equipment
<em>Cost of Equipment include Purchase Price plus other costs directly incurred to put the asset in location and condition intended for use by management</em>
Cost of Equipment = $110,500
Step 2 : Depreciation
Depreciation = (Cost - Residual Value)/ Useful Life
= $17,100
Step 3 : Accumulated Depreciation
Accumulated Depreciation = $17,100 x 2 = $34,200
Therefore,
the amount of accumulated depreciation at December 31, 2022 is $34,200
Answer:
kaby lame
Explanation:
Now don't get us wrong – not all of these answers raise this excellent question
Answer: Machine B
Explanation:
Average rate of return = Average Income / Average Investment
Machine A
= 47,932.64/342,376
= 14%
Machine B
= 85,282.20/284,274
= 30%
Machine C
= 68,037/453,580
= 15%
<em>Machine B has best average rate of return. </em>
Answer: a.$4,576
Explanation:
Sometimes the cash balance according to the books is not the same as the cash in the bank account and this is due to some transactions not being recorded by either the bank or the firm.
Adjusted cash balance per books = Unadjusted cash balance + Note receivable and interest collected by bank - Bank charge for check printing - NSF Check
= 4,022 + 746 - 28 - 164
= $4,576
