Answer:
d.Cost, residual value, and service life
Explanation:
The depreciation of an asset is the systematic allocation of cost for the use of the asset over its useful life.
Depreciation is usually computed using the formula below
Depreciation = (cost - salvage value)/useful life
The difference between the cost and salvage value is the depreciation base of the asset over its entire useful life.
As such, the right option is d.Cost, residual value, and service life
Answer:
probably not paying it off in time or something
Explanation:
Answer:
d.$8,327
Explanation:
The computation of the amount used in the adjusting entry is shown below:
= Beginning balance of office supplies + supplies purchased - ending balance of office supplies
= $7,362 + $3,421 - $2,456
= $8,327
The adjusting entry is
Supplies expense $8,327
To Supplies A/c $8,327
(Being the supplies expense is recorded)
For recording this transaction we debited the supplies expense as it increased the expense account and credited the supplies account as it reduced the asset account
Answer:
hi sorry but i need more pionts to post my question because im cheating in online exam and i honestly dont know anything pls dont report or delete im not even in high school well i selected high school by mistake but im in middle school
Explanation: