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BabaBlast [244]
3 years ago
10

The annual depreciation taken on a vehicle totals $4,700. The vehicle has been in service for two full years and the adjusting e

ntries have been completed for the year. At the end of the second year, the balance in the Depreciation Expense account is $______ and the balance in the Accumulated Depreciation account is $______.
Business
1 answer:
maria [59]3 years ago
4 0

Answer:

Depreciation Expense account is $4,700

Balance in the Accumulated Depreciation account is $9,400

Explanation:

Depreciation is used to determine how a value of a fixed asset decreases with time due to usage. Examples of assets that can be depreciated include equipment, buildings, vehicles and machinery. If the annual depreciation in this case is $4,700, at the end of the second year, depreciation expense would be $4,700. however, accumulated depreciation would be (4700 +4700) totaling to $9,400

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Find the gross profit fro the sale of the television: 
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Gross profit = $1,375

The gross profit of a sale is the profit from sales minus the cost it took to produce/complete the item or service. 
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2 years ago
Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a serie
Salsk061 [2.6K]

Answer:

take the payments over time payout

Explanation:

My personal opinion/advice would be to take the payments over time payout. There are many reasons for this, the first one being that most individuals are not used to receiving large sums of cash and usually end up wasting all the money as soon as they receive it, which usually does not occur if the payments are made over time. The second and more important reason is that if the payments are made over different years your would pay a much lesser amount on taxes every year that passes. This means that the even with the interest rate you would most likely have more overall money if you take the payments over time.

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3 years ago
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Answer:

1. Curiosity. Great entrepreneurs are tasked with identifying new problems, identifying potential niche opportunities, refactoring their existing business processes, and innovating. This necessitates a passion for various fields of study and business cases that are outside of one's comfort zone.

2. Time management. Prioritization, milestone definition, execution, and iteration are all critical. None of this would be possible without the proper project management and time allocation methodologies in place to complete the work.

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Which of the following statements is NOT true concerning the Other Dependent Credit
omeli [17]

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The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.

Explanation:

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8 0
3 years ago
Read 2 more answers
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krok68 [10]

Answer:

DECIDE

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hope this helps please like and mark as brainliest

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