Answer:
my answer is a.let them talk
B maybe, not sure :P hopefully someone else will answer
Answer:
$169,000
Explanation:
Based on the information given we were been told that in a situation were a land which was acquired by the seller for the amount of $100,000 was been purchased at the amount of $169,000 which simply means that the land should be recorded in the purchaser's books at the amount of $169,000 which is the costs or amount in which the land was PURCHASED by the company.
Answer:
The amount of depreciation expense for 2018 would be D) $30,000.
Explanation:
The units-of-activity depreciation method is calculated by using the following formula:
Depreciation Expense = [(Cost of machine − Salvage Value)/Life in Number of hours run] x Number of hours actual run = Depreciation Expense per hour x Number of hours run.
In the company,
Depreciation Expense per hour = ($375,000 - $75,000)/40,000 = $7.5
The company ran the machine for 4,000 actual hours in 2018.
The amount of depreciation expense for 2018 = $7.5 x 4,000 = $30,000
Answer:
the current assets amount is $9,054
Explanation:
Current Assets are Economic Resources that will result in Inflow of Future Economic Benefits for a Period less that 12 months.
<u>Current Assets Calculation :</u>
Cash 5,750
Accounts Receivable 2,638
Prepaid Expenses 666
Total 9,054