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Montano1993 [528]
2 years ago
12

A company records an adjusting journal entry to record $10,000 depreciation expense. Which of the following describes the entry?

Select one: (A) Debit Property Plant and Equipment and Credit Cash (B) Debit Depreciation expense and Credit Property Plant and Equipment (C) Debit Depreciation expense and Credit Cash (D) Debit Property Plant and Equipment and Credit Depreciation expense (E) Debit Net Income and Credit Property Plant and Equipment Clear my choice
Business
1 answer:
Pavlova-9 [17]2 years ago
8 0

Answer:

(B) Debit Depreciation expense and Credit Property Plant and Equipment

Explanation:

the depreciation is the accrued expense recognize for the effect on time on the firm's assets. There is no cash involve in a depreciation It is an accounting expense. So A and C cannot be coorect.

As the depreciation is an expense, it will be debited. not credited. so D is incorect as well.

The net income is a figure which resumes the expenses and revenues of the company. It is not an account thus, it can't be debited or credited. Making E incorrect as well.

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Benefits of setting objectives for a company
In-s [12.5K]

Answer:

Help them evaluate the business' growth

Explanation:

When they set objectives, they can look at it later on and check if they had reached their goal. So they can see how far they've reached as a business.

8 0
2 years ago
Why do we need to consider the important points in making the salad?.​
UkoKoshka [18]

Answer:

It is very health to eat a salad...

Explanation:

Washing Ingredients - Wash salad greens and examine to insure the removal of all aphids. Then soak in cold water for half an hour to crisp, and dry on a towel or by shaking in a wire basket

Eating a salad a day is directly correlated with higher nutrient levels. ... The fat in salad dressing helps absorb key nutrients such as lycopene and alpha- and beta-carotene. People who eat salads, salad dressing, and raw vegetables are more likely to meet recommended intakes for vitamins C, E and folic acid Loaded with vitamins and minerals, eating a salad a day will also increase the level of powerful antioxidants in your blood. The basis of any salad, leafy greens, offer a huge nutritional benefit. Among the best of the super greens group are: kale, spinach, beet greens, watercress and Romaine lettuce

4 0
2 years ago
According to the tutorial, which is the most significant tax local governments rely on to generate revenue?
kirill115 [55]
I believe it is B property tax
8 0
3 years ago
you need to write a report that shows a company‘s profits by division is located in regions around the country you should organi
Readme [11.4K]

Answer:

Answer is Making areas of the report that speak to each geographical region.

Refer below.

Explanation:

You need to write a report that shows a company‘s profits by division is located in regions around the country you should organize your report by:

Making areas of the report that speak to each geographical region

8 0
3 years ago
Smith Company reported pretax book income of $406,000. Included in the computation were favorable temorary differences of $51,20
masha68 [24]

Answer:

$3,604

Explanation:

Calculation for what Smith's deferred income tax expense or benefit would be:

Using this formula

Deferred income tax expense =(favorable temporary difference-unfavorable temporary difference)*Tax rate

Let plug in the formula

Deferred income tax expense =($51,200-$40,600)*21%

Deferred income tax expense =$10,600*34%

Deferred income tax expense =$3,604

Therefore Smith's deferred income tax expense or benefit would be:$3,604

8 0
3 years ago
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