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AveGali [126]
3 years ago
5

ABC purchased equipment for $60,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual valu

e of $5,000 at the end of five years. Using the straight-line method, depreciation expense for 2019 and the book value at December 31, 2019 would be:
Business
1 answer:
Sever21 [200]3 years ago
3 0

Answer:

Depreciation expense - 2019  = $11,000

Book Value - 2019  = $38,000

Explanation:

Straight Line method charges a fixed depreciation charge as :

Depreciation Expense = (Cost - Residual Value) ÷ Useful Life

therefore,

Depreciation expense = $11,000

Book Value = $60,000 - $11,000 - $11,000 = $38,000

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The economizing problem is essentially one of deciding how to make the best use of Group of answer choices limited resources to
IceJOKER [234]

Answer:

limited resources to satisfy virtually unlimited wants.

Explanation:

The economic issue is basically that of determining whether to allow the most use of finite capital to meet limitless human needs.

Person has limitless wishes, which are seldom fulfilled, in economics studies involve how to offer greater pleasure with limited resources or how to allow effective use of limited resources.

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3 years ago
Which examples demonstrate common education and qualifications for Distribution and Logistics careers? Check all that apply.
Gwar [14]

Answer:

1

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Explanation:

i got it

4 0
3 years ago
Read 2 more answers
At the end of the year, the deferred tax asset account had a balance of $4 million attributable to a temporary difference of $16
svp [43]

Answer:

the answer given below;

Explanation:

$60 million *25%=$15 million will be tax expense

Income Tax Expense-Current  Dr.$15 million

Income Tax Payable  Cr.$15 million

For temporary difference on liability, the journal entry will be

Deferred tax expense ($4*25%)   $1 million

Deferred Tax liability                     $1 million

3 0
4 years ago
Dr. Byron offers two possible solutions to sleep problems. If you had a child that would not sleep, which solution do you think
natita [175]
Some solutions when your child cannot go to sleep would be:

Your baby needs to learn how to comfort himself and put himself back to sleep. You can begin slowly by introducing a soft toy or blankie during cuddle time. 
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8 0
3 years ago
Arkansas Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about t
givi [52]

Answer:

C. ​$(44 comma 000​)

Explanation:

The computation of cash flow from investing activity is shown below:

Purchase of equipment for cash ($63,000)

Sale of equipment ($19,000)

Net cash flow from investing activity = - $63,000 + $19,000 = - $44,000

In this activity, the purchase of fixed assets should be negative as it is an outflow of cash whereas the sale of fixed assets should be positive as it is an inflow of cash.

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3 years ago
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