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3 years ago

The farm security administration gave loans to tenant farmers so that they could

Business

1 answer:

Evgesh-ka [11]3 years ago

4 0

Answer:

Purchase farms

Explanation:

The Farm Security Administration (FSA) was a New Deal agency created in 1937 to combat rural poverty during the Great Depression in the United States.

The FSA stressed "rural rehabilitation" efforts to improve the lifestyle of very poor landowning farmers, and a program to purchase submarginal land owned by poor farmers and resettle them in group farms on land more suitable for efficient farming.

The FSA resettled poor farmers on more productive land, promoted soil conservation, provided emergency relief and loaned money to help fanners buy and improve farms. It built experimental rural communities, suburban "Greenbelt towns" and sanitary camps for migrant farmworkers.

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Jeffreys Company reports depreciation expense of $40,000 for Year 2. Also, equipment costing $240,000 was sold for a $10,000 los

Daniel [21]

Answer:

Computation of cash received from the sale of the equipment:

D. $58,000.

Explanation:

Computation:

Sale of Equipment Account

Equipment account $240,000

less acc. depreciation 172,000

Net book value $68,000

less loss on sale 10,000

Cash received $58,000

Equipment Account

Year 1 balance $750,000

Year 2 balance 510,000

Sale of equipment $240,000

Accumulated Depreciation:

Year 1 balance $500,000

Year 2 balance 328,000

Sale of equipment $172,000

b) The sale of the equipment caused a loss of $10,000. The net book value of the equipment is $68,000. This implies that it was sold for $58,000 ($68,000 - $10,000). So, the cash received from the sale is $58,000.

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3 years ago

Determine the amount of the 2018 standard deduction allowed in the following independent situations. In each case, assume the ta

wlad13 [49]

I believe it’s b.
Sorry if it’s wrong I’m not sure

4 0

3 years ago

Tyree's basketball coach makes his players practice free throws after a difficult practice and under the threat of having the wh

Zinaida [17]

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4 years ago

How can choosing the right institution help you manage money effectively?

Ratling [72]

Answer:

You may get a better job, or it may make you more responsible. The money is the main thing, you will get paid better, so you wont have to worry abt money i guess.

Explanation:

3 0

3 years ago

A company uses the declining-balance method of calculating depreciation expense.On January 1, the company buys machinery for $75

elixir [45]

Answer:

Book value for the 3rd year = $ 750,000 - $366,000 = $ 384,000

Explanation:

Straight line rate= 100 % ÷ Useful Life = 100 ÷ 10= 10 %

Double Declining rate = 2 * Straight Line rate= 2 * 10= 20 %

Depreciation expense= Double declining balance rate * Beginning period book value

Depreciation expense for the first year = 20 % $ 750,000= $ 150,000

Book value for the first year = $ 750,000 - $ 150,000= $ 600,000

Depreciation expense for the 2nd year = 20 % $ 600,000= $ 120,000

Book value for the 2nd year = $ 750,000 - $ 270,000= $ 480,000

Depreciation expense for the 3rd year = 20 % $ 480,000= $ 96,000

Book value for the 3rd year = $ 750,000 - $366,000 = $ 384,000

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3 years ago