24120-2200=21920 to depreciate over 8 yrs. 21920/8=2740/yr. depreciate for 4 yrs (4*2740=10960). 24120-10960 = 13160 remaining to amortize.
13160-2200= 10960 to depreciate over remaining 2 yrs (6 yr total life with 4 yrs already amortized). 10960/2=5480 per yr.
This one is complex so please validate with classmate or teacher
I would say that the market economy and westward expansion promoted the institution of slavery as in the new United States whereby in order to sell more say cotton at a cheap price (the market economy) then the landowners would employ slaves for cheap labour so as to extract maximum profit from their labour.
Buyers of milk, recognizing that the price ceiling is good for them, have pressured policymakers into imposing the price ceiling.
The adjusting entry to decrease the merchandise inventory under <em>the lower of cost or market value computations</em> includes a debit to the Cost of Goods Sold and a credit to the Merchandise Inventory.
The <em>Lower of Cost or Market Value</em> determines the value of inventory based on either the cost of the item or the market value, whichever is lower.
Thus, since the merchandise inventory decreases by the entry, the cost must be higher than the market value.
Learn more: brainly.com/question/16015410
