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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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The correct answer is The EPA requires the use of precise forms called? It is a requirement for those working with or owners of transporters and generators of waste materials deemed hazardous to acquire an EPA form 8700-22 called the uniform hazardous waste manifest.

Explanation:

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Johanna is responsible for setting goals and planning at a medium- sized company. Her job title is director of communications. W
umka2103 [35]

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5 0
3 years ago
describe the difference between autonomous expenditure and induced expenditure. Which sectors of the economy are assumed to have
Vika [28.1K]

Answer:

The difference between autonomous expenditure and induced expenditure is as follows:

The autonomous expenditure is incurred even without a disposable income.  The expenditure is incurred to provide basic necessities of life.  In such a situation, the person spends from savings account or borrows to ensure that the basic necessities are provided.

On the other hand, induced expenditure is a disposable income-based expenditure.  This implies that when disposable income rises, induced expenditure also rises, and vice versa.  Induced expenditure is usually incurred to fund normal goods and services and not necessities.  Without disposable income, there is no induced expenditure.

All the four sectors of the economy engage in these expenditures.  The public (government) and household sectors are mostly affected.  However, even the business and non-profit sectors are also affected by these types of expenditure.

Explanation:

We can distinguish between two types of aggregate expenditure.  The first one is autonomous aggregate expenditure, which does not vary with the level of real GDP while induced aggregate expenditure varies with real GDP.

3 0
2 years ago
Historically, coins and paper money complicated the exchange process. <br> a. True <br> b. False
Salsk061 [2.6K]
False. They made it easier.
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3 years ago
Palepu Company owns and operates a delivery van that originally cost $38,080. Straight-line depreciation on the van has been rec
Readme [11.4K]

Answer and Explanation:

The computation is shown below;

But before that the depreciation expense per year is

Depreciation per year = (Cost - Residual value) ÷ Useful life

= ($38,080 - $2,800) ÷ 6 years

= $5,880

1.Net book value as on disposal date is

= $38,080 - ($5,880  × 3)

= $20,440

2.

We know that

Gain on sales = (Sales - Book value)

Gain = $(20,400 - 20,400) = 0

a. Loss = $13,000 - $20,440 = -$7,440

b. Loss = $10,000 - $20,440 = -$10,440

4 0
2 years ago
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