When there is the liquidation of fixed assets that are of use-value with cash collection, the accounts recorded are as follows <em>C. Increase income, reduce costs.</em>
- The income increases because of the cash collection from the liquidation. The fixed assets' accounts are credited (reduced) with the costs.
- Then debit the accumulated depreciation account with the amount of its balance. A new account called the <em>"Sale of Fixed Assets" account</em> opens.
- The <em>"Sale of Fixed Assets" account</em> is debited with the costs and credited with the accumulated depreciation and the cash proceeds from the disposal.
Thus, the difference is an increase in income (profit) if the credit side exceeds the debit side of the <em>"Sale of Fixed Assets" account</em>.
Learn more: brainly.com/question/21143131
Answer:
Eyeglasses increase productivity, sustain income earning potential, enhance learning, and make people safer on the roads and in their homes.
Explanation:
Sara would be classified as average and Chuck as average. Measurement intelligence is carried out using tests adapted for a certain age and population and belongs to domain of psychologists. Average is when intelligence is from 90 to 120. There many tests of intelligence.
Answer:
Tien´s behavior is consistent with a defensive/weak style.
Explanation:
Answer:
Stand 6 feet apart from other students- where masks (if allowed)- Stay away from people who are sneezing and coughing (try not to be rude about it)- Stick to talking to at most 3 friends at a time- But the actual answer is we arent supposed to go back to school this year sooooo :)
Explanation:
