Answer:
$223,000; $75,000
Explanation:
(a)
Balance:
= Equipment opening balance - Exchange for common stock - Scrapped equipment - Cost of equipment sale
= $575,000 - $25,000 - $5,000 - $39,000
= $506,000
Cash paid for equipment purchases:
= Equipment Ending Balance - Balance
= $729,000 - $506,000
= $223,000
(b)
Depreciation expense:
= Ending Balance - (Accumulated depreciation opening balance - Depreciation for scrap - Depreciation of equipment sale)
= 120,500 - ($165,000 - 52,500 - 67,000)
= 120,500 - 45,500
= $75,000
Answer:
<h3>Individual demand is influenced by an individual's age, sex, income, habits, expectations and the prices of competing goods in the marketplace. Market demand is influenced by the same factors, but on a broader scale – the taste, habits and expectations of a community and so on.</h3>
Answer:
The allowable amount a person can contribute to a Keogh plan is 59 1/2 percent.
Explanation:
D.
Whenever we credit or debit a transaction, it is ALWAYS in equal amounts. No more, no less.
Somewhat true, they dont want someone who doesnt pay attention to their surroundings but they also dont want people who focus too much on their co workers rather than doing their jobs.
