Answer:
Supplies expense for the year 3,100 dollars .
Explanation:
Supplies/stock/inventory is recognized as asset on it initial recognition. They are expensed when they are sold. Unsold supplies/stock/inventory is reported as asset in balance sheet. So in order to tell supplies expense we have to calculate amount of supplies sold.
Opening + purchase = closing + sale
2,700 + 3,600 = 3,200 -sale
Sale = 3,100 dollars
Make sure you remember/ keep up with the work you hung on to.
The judicial branch can over rule or deem a law or veto, unconstitutional.
Answer:
Accumulated Depreciation As of December 31, 2010 = $105,000
Explanation:
<em>Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.</em>
<em>Annual depreciation:</em>
= (cost of assets - salvage value)/ 5 years
= (180,000 -30,000)/5
=.$30,000
<em>From July 1 2007 to December 31 2010 = 3 years 6 months = 42 months</em>
So total accumulated depreciation at the end of 3 years 6 months :
= ( 30,000/12) × 42
= $105,000
Accumulated Depreciation As of December 31, 2010 = = $105,000
If the Government choose not to devalue its currency, The total exports of that nation will be most likely to be decreased.
When a currency of a nation is too high, other nation wouldn't have enough purchasing power to do transactions with our nation, making us forced to close many international trade relationship that could kill several economic sectors in the country.