Answer:
The correct answer is inertia.
Explanation:
Inertia is called in physics the resistance that bodies oppose to modify their state of motion or stillness, either to alter their speed, their course or to stop; although the term also applies to the modifications of your physical state.
A body, thus, requires a force that overcomes inertia to alter its trajectory, which would otherwise adhere to the laws of uniform rectilinear motion, or to initiate a movement, otherwise it would remain at rest. This, of course, considering that there is no rest or rectilinear and uniform movement in the universe, except based on a reference (observation) system. That is why it is preferred to speak of "relative rest."
Answer:
$31.44
Explanation:
The accretion expense each year will be calculated as = Present value of the Asset retirement obligation at the end of the previous year * Discount Rate
Hence, the amount of accretion expense Gunk will record in 2020 related to the asset retirement obligation
= $393 * 8%
= $31.44
Answer:
depletion of the timber tract = $228,000 and
depreciation of the logging roads = $22,800
Explanation:
Timber tract
Depletion rate = (Cost - Residual Value) ÷ Estimated units
= ($2,950,000 - $670,000) ÷ 5,700,000
= $0.40
Depletion expense = Units used x Depletion rate
= 570,000 x $0.40
= $228,000
Logging Roads
Depreciation rate = (Cost - Residual Value) ÷ Estimated units
= ($228,000 - $0) ÷ 5,700,000
= $0.04
Depreciation expense = Units used x Depreciation rate
= 570,000 x $0.04
= $22,800
Answer:
attached answer
Explanation:
equity represnet investment from owners and the accumulation of the result from the company operations.
1) equity increase the company receive an investment from owner
3-6-8) equity decrease as an expense is incurred which is a negative operation it has a negative impact on the earnings of the firm
4-5-9) the company's equity increase as income is generated from the main activity.
2-7)there is no involment of equity as the company acquired an asset and takes a liability while then, at payment an asset(cash) decrease an a liability( A/P) also decrease
We must remember that we work with accrual accounting thus, the day of collection or payment are not what determinates ncome and expenses.
