Answer:
the answer is going to be 3. R
Answer:
$44,600
Explanation:
The computation of the balance of the cash account after the transactions are posted is shown below:
Invested cash in shop $41,300
Less: Paid cash for receptionist salary -$2,500
Add: Receive cash from sale of frame $5,800
Balance of the cash account $44,600
We simply added the cash received and deduct the cash paid to the invested amount of cash in a shop so that the correct value could arrive
Answer: a) increases expenses and lowers taxes.
Explanation:
Depreciation accounts for the wear and tear in fixed assets over their period of use. It is accounted for every period in the Income Statement as an expense which means that its addition increases the business's expenses.
It does that the advantage of being tax deductible however. This then means that it can be subtracted from Net Income for tax purposes. When that is done, it will reduce the Net Income thereby reducing the amount of taxes that can be charged on the company.