Answer:
On January 2, 2019, Denny Corp. enters into five-year finance lease for machinery with annual year-end payments of $15,000. The present value of the six annual lease payments is $65,000. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On January 2, 2019, Denny Corp. enters into five-year finance lease for machinery with annual year-end payments of $15,000. The present value of the six annual lease payments is $65,000. Note: Enter debits before credits. General Journal Debit Credit Date Jan. 2 Record entry Clear entry View general journal
Explanation:
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Answer:
<u>The effect of government regulation on a monopolist's production decisions</u>
Explanation:
The effect of a large government budget deficit on the economy's price level
The superavit or deficit of the government is a macroeconomics subject.
The money market is also macroeconomics.
The impact of regulation or specifit taxes or tax extemption on a monopolist's production will be part of microecnomics, because it will impact on which level the monopolist's production finds equilibrium after the legislation.
Answer:
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Answer:
the depreciation expense at the end of the first year, December 31 is $ 8,250
Explanation:
Straight line Method of Depreciation Charges the same amount of depreciation over the useful life of the asset.
Depreciation Charge = (Cost - Salvage Value) / Useful Life
Depreciation Charge = ($50,000-$6,000) / 4 years
= $11,000
<u>Apportionment of Depreciation Charge</u>
<em>From April 5 to December 13 there are 9 months</em>
Therefore depreciation for the year is apportioned as follows :
Depreciation Charge = 9/12× $11,000
= $ 8,250