Answer:
A current asset is any asset that will provide an economic value for or within one year. Premises, or the property where business is done, is a part of the property, plants, and equipment, or PP&E, account. All PP&E has a useful life longer than one year, premises included, so it is considered a non-current asset.
Hope it helps. pa brainliest pa follow nadin tysm gomo
Answer:
$5,000 Schedule A (Itemized Deductions)
Explanation:
Solution
We recall that:
George gas a gross income of =$5000
Property taxes =$3000
Operating expenses of =$1500
Deprecation expense of =$800
Now
Normally As per IRS, hobby expenses are normally subtracted up to the hobby income . hobby is pursued as enjoyment and not for making profits hence can not be termed as Profit and loss from business
Therefore George deductible expense for the year is $5,000 it would be taken from Schedule A (Itemized Deductions).
The spreadsheet data assisted by way of: helping with information Exports. Spreadsheets may be used to comprise records that has been exported from other structures.
A spreadsheet is a pc application for computation, company, evaluation and storage of information in tabular shape. Spreadsheets had been developed as automatic analogs of paper accounting worksheets. the program operates on facts entered in cells of a desk.
Spreadsheet, pc program that represents statistics in a two-dimensional grid of facts, at the side of formulation that relate the statistics. historically, a spreadsheet is an accounting ledger page that suggests numerous quantitative facts useful for coping with a business.Excel information types are the four exceptional styles of values in Microsoft Excel. The four styles of statistics are text, quantity, logical and blunders. you can perform extraordinary features with each type, so it is important to know which ones to apply and when to use them.
Learn more about spreadsheet here: brainly.com/question/4965119
#SPJ4
Answer: shifter discovers a loss of $3000
Explanation:
Because Shifter paid $5,000 more for the treasury stock than its fair value: 1,000 shares × ($20 − $15). The $2,000 fee (1,000 × $2) offsets that loss yielding a net loss of $3,000
Answer:
False
Explanation:
As for the given instance, the market is not solely dependent on Van's Fire Engines, as it is a competitive market.
The supply and demand are inversely proportional and does not depend on change of price in a competitive market.
Accordingly even after decline in the price from $105,000 to $90,000, the production quantity will not be affected similarly with the same proportion.
Further, Total revenue might be affected as with decrease in price might light to more sale, and there might be slight change both upward or downward in such sales revenue.
But since the change will never be in same proportion to change in price.
Thus, the statement above is false.
