Answer:
False. Location is important for a business
The Accumulated depreciation account had a balance of $144000
<h3>What is
Accumulated depreciation?</h3>
Accumulated depreciation is the total amount of a company's asset depreciation, whereas depreciation expense is the amount depreciated for a single period. Depreciation is an accounting entry that represents the decrease in the cost of an asset over its useful life.
Accumulated depreciation is the total amount of depreciation that has been expensed against the asset's value. On the balance sheet, fixed assets are recorded as a debit, while accumulated depreciation is recorded as a credit, offsetting the asset.
Accumulated depreciation accounts are credit-balanced asset accounts (known as a contra asset account). It is classified as a contra asset account because it has a negative balance that is intended to offset the asset account with which it is paired, resulting in a negative balance.
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Answer:
$14
Explanation:
Sam parks his car for 8 hours, the first two hours cost $5 and he would pay $0.75 for every half hour after the first two hours . That means he would pay $1.50 for every hour after the first two hours.
He spent 6 hours extra. The total amount that would be paid = $1.50 × 6 = $9
He would pay a total of $9 for the 6 hours extra he parked his car.
The cost of parking for the 8 hours is = $9 + $5 = $14
I hope my answer helps you
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