Answer:
A. $29,000
B. $19,720
C. $69,000
$34,500
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($138,000 - $22,000) / 4 = $29,000
Unit of activity = Cost of asset - Salvage value) / Total working hours
= ($138,000 - $22,000) / 10000 = $11.6
$11.6 × 1700 = $19,720
Double declining method = Depreciation factor × net book value
Depreciation factor = 2 × (1/useful life)
2(1/4) = 0.5
0.5 × $138,000 = $69,000
Net book value = $138,000 - $69,000 = $69,000
Depreciationexpense for the second year = 0.5 × $69,000 = $34,500
I hope my answer helps you
Answer:
The correct answer is letter "D": part of the doctrine of stare decisis.
Explanation:
Stare decisis is a practice in Law by which courts must follow similar past cases -called precedents- when making the final decision of the case they have in front. Those cases are typically complicated to rule out, then, Courts consider past similar decisions to adapt the previous criteria determined to their cases.
Answer:
1. Cash (Dr.) $145,850
Sales (Cr.) $145,850
2. Purchases (Dr.) $76,200
Accounts Payable (Cr.) $76,200
3. Accounts Payable (Dr.) $4,100
Cash (Cr.) $4,100
4. Prepaid Rent (Dr.) $24,000
Cash (Cr.) $24,000
5. Wages Expense (Dr.) $12,500
Cash (Cr.) $12,500
Wages Expense (Dr.) $350
Wages Payable (Cr.) $350
6. Depreciation Expense (Dr.) $1,700
Accumulated Depreciation (Cr.) $1,700
Explanation:
Journal entries are recorded for the business transactions. These transaction incurred in the business are recorded in the books of accounts. These journal entries then create Ledger and Trial balance.
Manufacturers offer discounts usually to large quantity or bulk buyers. this encourages buyers to buy more because the businesses give them an opportunity to save more money. usually, it is the retailers who would buy from manufacturers in bulk orders
