Answer: Appraisal
Explanation:
To be able to get the right information about the value of a property to be sold an appraisal has to be conducted on the building. An appraisal of a property is simply a proper evaluation of that property's current market value before it's sold.
Answer:
$79,200
Explanation:
The computation of retained earning at year end is seen below;
= Opening retained earning balance + Net income - dividend paid
= $48,400 + $52,800 - $22,000
= $79,200
Therefore, the retained earnings balance is $79,200
Answer:
debit Supplies Expense; credit Supplies
Explanation:
Create your journal entry to adjust the account balance. Debit the supplies expense account for the cost of the supplies used. Balance the entry by crediting your supplies account.
Answer:
y = -0.05x + 200
Explanation:
Two points are available ($200, 0), ($190, 200)
We find the equation from these two points.
Slope = (190-200)/(200 -0) = -10/200 = -0.05
Now, we write the equation of line with scope m=-0.05 and point (0. 200)
y-200 = -0.05(x-0)
y = -0.05x + 200 (Demand equation)
Answer:
$17,000
Explanation:
Fair market value before casualty is $17,000 while Fair market value after casualty is none. The starting point for the calculation of loss deduction will be based on the fair market value before casualty which is $17,000.