Answer:
Dep expense 428,796
Acc Depp Machine 23,268
Acc dep deposit 405,528
Explanation:
213,5000 machine used in the ore deposit, so it will depreciate at the same rate.
3,721,000 ore deposit
166,200/1,525,000 = 0.108983606
213,500 x 0.108983606 = 23,268
3,721,000 x 0.108983606 = 405,528
Answer:
The ending inventory is $56,170 using the lower of cost and net realizable value.
Explanation:
With regards to the above, the conservative principle of accounting would be maintained by the company, hence would report its inventory at the lowest value.
Furniture [ 290 units × $94 each]
$27,260
Electronics [ 59 units × $490]
$28,910
Total ending inventory
$56,170
The aggregate demand curve shifts to the right
An entrepreneur, generally, is someone who starts and runs a business. While an entrepreneur may do odd jobs here and there for other people/companies, he/she is generally self-employed and building a personal brand of some kind.
I believe the answer is: A. Cars typically lose the most value in the first year after purchase
As the miles usage in cars increase, the quality of the machine tend to deteriorate, which would lead to the decrease in the cars' value. On top of that, the new model that given by car companies tend to possess better technology/design. On average, cars tend to lose 15 - 25 % in value during the first year.
