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olasank [31]
2 years ago
14

If the beginning balance of the Accumulated Depreciation—Equipment account is $10,000 and an adjusting journal entry is recorded

for depreciation on the equipment for $2,500, the balance of the accumulated depreciation account after the entry is recorded will be:
Business
1 answer:
blondinia [14]2 years ago
5 0

Answer:

$12500

Explanation:

Since the beginning balance of accumulated depreciation - equipment is $10 000

And an adjusting journal entry during the year was $2500

You must add the adjusting journal entry to the begging balance to get the closing balance of Accumulated Depreciation - equipment:

10000+2500=$12500

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Answer:

They act out in movies

Explanation:

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3 years ago
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How would you respond to the argument that it is impossible to judge how successful a project like this one would have been unle
ANTONII [103]

<u>Answer:</u>

<u>Explain forecasting</u>

<u>Explanation:</u>

This implies that I will have to let the other person know that it possible to judge how successful a project would be by doing what is called forecasting.

Forecasting allows one to project to a <em>reasonable extent</em> what the success level of a project would be, especially in terms of it's revenue, overall expenses before the project is carried out. A good forecasting tool is Forecast web application which provides future estimates of budget and task duration.

8 0
3 years ago
Which level of quality of information would eventually exist in the market for lemons assuming there was no way to gain assuranc
Neko [114]

The level of quality of information would eventually exist in the market for lemons assuming there was no way to gain assurance regarding the accuracy of the information would be low only.

In the given scenario we are given that there is no way to reassure ourselves that the information is accurate about the lemons in the existing market.

So we can not be a hundred percent sure that the information regarding the lemons existing in the market is correct.

As a result, if there was no method to verify the authenticity of the information, only low-quality information would eventually be available in the market for lemons.

Learn more about the market:

brainly.com/question/25754149

#SPJ4

3 0
1 year ago
Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 e
NISA [10]

Using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is <u>$2,250</u>.

<h3>What is the specific identification method?</h3>

The specific identification method is an inventory method that identifies specific inventories sold and uses their specific costs in valuing the cost of goods sold.

<h3>Data and Calculations:</h3>

Date             Units       Unit Cost         Total       Balance

June 1               1               $500          $500        $500

July 9               2              $550         $1,100      $1,600

Sept. 23           2              $600        $1,200     $2,800

Dec. 24           -1              $550          $550      $2,250

Thus, using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is <u>$2,250</u>.

Learn more about specific identification methods at brainly.com/question/25056275

4 0
2 years ago
Suppose two firms are in a game​ situation, and they each must decide on a strategy regarding whether to select a high price or
swat32

Answer: Both to select low prices.

Explanation:

One of the vital goal of doing business is profit irrespective of the firm. Every business has to deal with funds and when funds is involved profit has to be made even while serving the client in satisfying conditions. The profit enables the firm to be ran smoothly; it's operations and have a reason to be said that their in business. Every firm ooks out for opportunities to make rofit while giving their best. According to the paragraph profits are high when the price of the commodity is reduced, each firm will reduce it's pricing to ensure they make profit.

4 0
3 years ago
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