Companies that manufacture identical items through a series of uniform production steps use to determine the cost per unit produced a process costing system.- b)
Answer:
The estimated amount of depreciation expense is $1,500
Explanation:
Depreciation means a permanently and continuous diminution in value or quaof a tangible non-current asset. Depreciation occurs over several years. Every year a non-current asset is used, the price of that asset reduces drastically. There are various methods used to solve the rate of depreciation. There is the straight line method and reducing balance method. The question requires to be solved using the straight line method.
The formula for solving depreciation using a straight line method is ; (Cost less Estimated scrap value) ÷ Number of expected years of use.
Replacing with figures, we have: ($8,000 - $500) ÷ 5 years = $1,500. Therefore, $1,500 is our estimated amount of depreciation expense.
Answer:
More than a century and a half ago Thomas Carlyle defined the economy as "dismal science." This term is born from the implicit pessimism of the ideas of economist Malthus about the difficulty of growing food production at the same rate as population expansion.
More recently, Samuelson placed the origin of the discipline's sadness on the idea of budgetary constraints that would always place us in the face of confrontation between our desires and our possibilities of serving them.
It is also claimed that John Stuart Mills propitiated this term given that institutions, not race, determined why one nation became rich while others did not.
Interest has to be paid...
Answer:
You have to go to the question that wou want to answer and click the option that says "add answer" under the question. If that option isnt available it means that two people have already answered it. Therfore you are unable to add your response.
Hope this helped!! x
