Answer:
Depreciation Expense for 2019 using form 4562
Basis For depreciation; Recovery Period ; Convention ; Method ; Depreciation deduction
2,000 ; 5 years ; HY ; 200 DB ; 400
40,000 ; 7 years ; HY ; 200 DB ; 6,573
Explanation:
Accelerated method of depreciation is used by businesses for accounting and income tax purposes. The depreciation is calculated in such a way that the depreciation expense is higher in early years and lower in later years. Pepe is also using this method to account for his business assets. The depreciation expense for computer equipment and manufacturing equipment's totals $6,973.
Answer:
The net cash flows from financing activities is -$45,000
Explanation:
The computation of the net cash flows from financing activities is shown below:
= Additional common stock issued - purchase of treasury stock - dividend paid - long term note payable issued
= $160,000 - $75,000 - $40,000 - $90,000
= -$45,000
The other items which are mentioned in the question have come under the investing activities
Answer:
The correct answer is letter "B": 3 to 12 years.
Explanation:
American car maker Tesla, Inc. specializes in manufacturing electric-fueled autonomous driving vehicles. Founder and Chief Executive Officer (<em>CEO</em>) Elon Musk is also the chief engineer and designer for most revolutionary Tesla car models. When it comes to its 2013 10-K United States Securities and Exchange Commission form, Tesla submitted a <em>3 to 12 years estimated depreciation for office furniture, machinery and equipment, 3 years for computer equipment and software, </em>and <em>30 years for building and building improvements.</em>
Explanation:
1. gate pass
2. stock card
3. stock requisition form
4. delivery note
5. stock order form
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A. is required to draw up a petition listing all assets and liabilities.
