Answer:
The depreciation expense during the year: $12,000
Explanation:
The Likert Company uses the units-of-production depreciation method to calculate depreciation expense by the following formula:
Depreciation Expense = [(Cost of asset − Residual Value ) x Number of Miles Produced]/Life in Number of Miles
Depreciation Expense per mile = ($64,000 - $4,000)/200,000 = $0.3
During the year, the truck travelled 40,000 miles
Depreciation Expense = $0.3 x 40,000 = $12,000
Answer:
distributive justice
Explanation:
Based on the information provided within the question it can be said that in this scenario, this is an example of applying distributive justice. This term refers to a concept that determines who owns what within a society. In other words an individual should receive benefits or goods depending on their contributions to a company or society. Which in this case is what ALT inc. is trying to make sure of.
Answer:
Only going to dept for things you really need and have planned for
I just took it the answer is A
Answer:
$100,000
Explanation:
Allowance as at December 31, Year 2 $100,000
This will be recorded as it is expense for the year 2
Bad Debt Expense Dr.$100,000
Account Receivable Cr.$100,000
