Answer:
Option $6,000
Explanation:
Data provided in the question:
Cost of the machine acquired = $30,000
Classified useful life = 5 years property
Now,
The MARCS rate for 5 years property, the depreciation rate is 20%
Therefore,
The depreciation for the year 2019 will be
= 20% of the Cost of the machine acquired
= 0.20 × $30,000
= $6,000
Hence,
Option $6,000
Answer:
C. Debit Cash $1, 385: credit sales $1, 300: credit Cash Over and Short $85.
Explanation:
Based on the information given The proper entry to account for this excess is:
Debit Cash $1,385
Credit Sales $1,300
Credit Cash Over and Short $85
($1,385-$1,300)
Whats the rest of the question??
Rents of $750.00 per month on each unit of a 4-plex are current. For an October 16th closing, the rent proration on the settlement statement would be $1,548.38 Credit Buyer & Debit Seller.
-Seller must pay buyer for the days the buyer owns the property, Oct 16 - 31, 16 days. $750 x 4 /31 = $96.77 per day x 16 = $1548.38
<h3>What does it mean to prorate your rent?</h3>
The amount a landlord charges is referred to as "prorated rent" and is only applied to the days the unit is occupied when a resident occupies it for a short period of time (a month, week, day, etc.). Given that daily rates are frequently more expensive, it is based on monthly rates instead than daily rates.
You must first determine the daily rent in order to figure out how much prorated rent will be. Divide the overall rent payment by the number of days in a month to arrive at this. Then double the acquired daily rent amount by the number of days you will be occupying the property during that month.
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