Financial accounting, an asset is any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.
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Answer:
For equipment = $430,000
For accumulated depreciation = $104,000
Explanation:
The solution of balances for equipment and accumulated depreciation is shown below:-
balances for equipment and accumulated depreciation
Particulars Equipment Accumulated depreciation
Beginning balance $390,000 $78,000
Add:
Addition $84,000 $32,000
Less:
Disposition ($44,000) ($6,000)
Balance $430,000 $104,000
Answer:
The amount of the net income shown on the income statement is $9,000
Explanation:
The computation of the net income is shown below:
Net income = Services provided for cash = operating expenses incurred
= $45,000 - $36,000
= $9,000
According to the matching principle, the revenues of a particular period should always be matched with the expenses that are incurred in that particular year
So, the net income that is to be reported on the income statement is $9,000
Note: Options are shown in the attachment
Answer:
Okay, of all your choices it is most definitely going to be RFID tagging
Explanation:
Answer:
$47.81
Explanation:
Value after year 8 = (D8*Growth rate) / (Required return-Growth rate)
Value after year 8 = ($9.57*1.06) / (0.14-0.06)
Value after year 8 = $10.1442 / 0.08
Value after year 8 = $126.8025
Current share price = Future dividend and value*Present value of discounting factor(rate%,time period)
Current share price = $9.57/(1.14)^8 + $126.8025/(1.14)^8
Current share price = $3.35485015 + $44.4517646
Current share price= $47.81
