One key word which is used to define public relations is ____, since public relations activity is intentional.

Machinery purchased for $64,200 by Sheridan Co. in 2016 was originally estimated to have a life of 8 years with a salvage value

ArbitrLikvidat [17]

Answer:

Sheridan Co.

a. It is not necessary to correct the prior year's depreciation. Depreciation is an accounting estimate and does not require the adjustment of prior year's accounts when there is a correction in its estimates.

b. Entry to record depreciation for 2021:

Debit Depreciation Expense $4,387

Credit Accumulated Depreciation $4,387

To record the depreciation expense for the year.

Explanation:

a) Data and Calculations:

Purchase of machinery in 2016 = $64,200

Original estimated useful life = 8 years

Salvage value = $4,280

Depreciation amount = $59,920 ($64,200 - $4,280)

Depreciation expense per year = $7,490 ($59,920/8)

Accumulated depreciation for 5 years = $37,450

Net book value = $26,750 ($64,200 - $37,450)

Remaining estimated useful life = 5 years

Salvage value = $4,815

New depreciable amount = $21,935 ($26,750 - $4,815)

Depreciation expense per year = $4,387 ($21,935/5)

4 0

3 years ago

In addition to the legislators and the governor, there are others involved in the lawmaking process during both regular and spec

Leona [35]

Answer:

b. the public

Explanation:

When it comes to the legislative process of the government, the "citizens" (the public) play an active and direct role. This gives the public the right to contribute regarding decisions that may have an impact on their lives. It is very important that the government inform its citizens of their rights and responsibilities and the decisions that were made in order to obtain "public awareness."

The direct role of the public may be in the form of consultation, such as asking for their feedback and considering their answers when it comes to the lawmaking process. It is essential that their input in the decision-making process is considered.

So, this explains the answer.

4 0

4 years ago

Stricter environmental regulations and increased demand for energy have caused an increase in the demand for relatively clean na

scoray [572]

Answer:

D) Quantity sold rose while the effect on price is ambiguous.

Explanation:

Two separate things happened here;

Change in consumer habits have shifted the the demand curve to the right, increasing the quantity demanded at every price level.
Better technology and lower costs have also shifted the supply curve to the right, increasing the quantity supplied at every price level.

One thing is certain, the quantity demanded and supplied increased, so the total quantity sold definitely increased. The price issue is not certain because you would need additional information about which shift was larger, the shift of the supply curve or the demand curve.

5 0

4 years ago

What do realtors do for the business (in a lot of detail)

kiruha [24]

Answer: Retailers sell food, hard or durable goods, and soft goods. Retailing is a trading activity that is directly related to the sale of goods or services to the ultimate consumer for personal, non-business use. A retailer is the last middleman in the machinery of distribution and is responsible to satisfy recurrent wants of consumers.

Explanation: I hope this helps!

6 0

2 years ago

An insurance contract promises to pay benefits based upon a future uncertainty such as death, or illness describes which feature

Mrac [35]

The feature of the insurance contract that is being described above is the aleatory contract. It is the type of contact where the individual that has been involved can't handle or control the event that could happen to him or her. It is a way of having uncertain events happening in the individual such as death or natural disasters that she or he could face.

8 0

3 years ago