Answer:
Dr Accumulate depreciation $5,000
Dr Loss on asset retirement $5,000
Cr Equiqment $10,000
(to record the Equiment retirement at the end of fifth year of its 10-year useful life)
Explanation:
The annual depreciation is calculated as: (10,000 - 0) / 10 = $1,000
As it is at the end of fifth-year, the accumulated depreciation associated with the Equiment will be : 5 x 1,000 = $5,000
As a Equiment is retired without any recovery, the booked value of the Equiment is "written-off" by a Credit entry of $10,000; the associated accumulated depreciation is also "removed" from the Balance Sheet by a Debit entry of $5,000; which all leaves us the Loss on Asset Retirement at $5,000 record by a Debit entry.
Answer:
B) higher than the interest rate.
Explanation:
In the case when the business wants to borrow for a project so the rate of return would be greater than the rate of interest
And in the case when the rate of interest is lesser than the expected return so the investment would look attractive due to this there is a rise in the borrowing for that investment
Hence, the option b is correct
The best option for him would be a position as a adjunct professor at a technical college
Answer:
The correct answer would be option A, You should only request a connection if you know the person.
Explanation:
There are many social media websites which are basically the networking websites. Some websites are meant for making friends and increasing the social circle, whereas some websites like LinkedIn are meant to connect people with each other professionally. These are considered the high level networking websites. So in such type of professional websites, if you know someone or if you have an acquaintance with someone, you should then send him the request, otherwise you are likely not to get the reply from that person.