Since you provide no relevant number,
In order to find out the optimal Asset allocation, you should find out which investment opportunities that Provide the highest return with the lowest standard deviation in the risk department
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Answer:
C. $3,687.
Explanation:
amount of the adjusting entry for Uncollectibleminus−Accounts Expense
= $6,622 - $2,935
= $3,687
Therefore, The amount of the adjusting entry for Uncollectibleminus−Accounts Expense is $3,687.
Answer:
The journal entry:
Debit Accumulated depreciation $160,000
Debit Equipment $200,000
Credit Cash $170,000
Credit Equipment $180,000
Credit Gain on exchange asset $10,000
Explanation:
The old equipment had a book value of $20,000 at the time of exchange. The company paid $170,000 cash and a trade-in of old equipment.
The new equipment costs of $200,000.
Carothers Corporation will record gain on exchange by the journal entry:
Debit Accumulated depreciation $160,000
Debit Equipment $200,000
Credit Cash $170,000
Credit Equipment $180,000
Credit Gain on exchange asset $10,000
Depreciation of noncurrent operating assets is an accounting process for the purpose of allocating asset costs over the periods benefited by use of the assets.
Depreciation refers to an expense for a business to use non-current asset in order to generate economic benefits. Here the purpose of depreciation is to have balance sheet report the current value of an asset.
An accounting method used to allocate the cost of a tangible or physical asset over its useful life is known as depreciation. Companies usually take depreciation regularly so they can move their asset costs from their balance sheets to their income statements.
Hence, depreciation of noncurrent operating assets are benefited by use of the assets.
To learn more about depreciation here:
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