Answer:
2500
Explanation:
First depreciate for 6 years using regular method: (Cost - Salvage Value)/Initial Useful life
(50,000-10,000)/8 = 5000 <- this is annual depreciation
For 6 years, $30,000 accumulated depreciation
Now to calculate change in useful life, you do (Cost - Accumulated Depreciation - Salvage Value)/Remaining Useful life
Remaining Useful life = 10-6 = 4
(50,000-30,000-10,000)/4 = 2500
Answer:
The answer is: C) purchase of supplies for on account.
Explanation:
When Norman Company bought office supplies it will record them as supplies on hand, which are a type of current asset.
When you buy things on account, it means that you will pay the purchase at a later date, so a liability must be recorded.
Answer:
Zhang Yiming
Zhang Yiming built a $16.2 billion fortune after founding ByteDance, the Chinese software developer behind TikTok. Despite being one of the wealthiest people in China, Zhang is extremely private and little is known about his personal life.Aug 5, 2020
Explanation:
Answer: The answer is provided below
Explanation:
a. When the quantity supplied of a particular crop reduces, it will affect the farmer's revenue but this can still be beneficial to the farmer provided these conditions prevails:
• If demand for the crop rises more than its fall in supply, this will lead to a rise in the and price of the crop. Hence, there will also be an increase in the revenue of the farmer and the farmer will try to adjust output and sell at higher prices. Therefore, the excess demand can off set a fall in the supply.
b. We know that the supply of a crop is limited. For example, let's assume that the crop is rice. Now the situation is that people are demanding more beans maybe as a result of festive season. Therefore, everyone will want to purchase rice which will lead to an increase in the price of rice due to excess demand.
The farmer will try as much as possible to maximise profit and will therefore sell the rice at higher price to those that wants to buy. Therefore, it's clear that the farmer can still benefit, even if his supply is limited, but the demand must be greater than its decline in supply.
$28.26 rounded to the nearest dollar would be $28. This is because the 2 in the tenths place is less than five, therefore the 8 in the ones place would remain the same and .26 would turn into 0s which you don't have to show. Hope this helped!
