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ioda
3 years ago
12

A company purchased new equipment for $45,000. The company paid cash for the equipment. Other costs associated with the equipmen

t were: transportation costs, $2,300; sales tax paid $3,100; and installation cost, $2,100. The cost recorded for the equipment was:
Business
1 answer:
sattari [20]3 years ago
3 0

Answer:

the cost recorded for the equipment is $52,500

Explanation:

The computation of the cost recorded for the equipment is shown below:

The Cost of equipment is

= Purchase price + Transportation cost + Sales tax + Installation cost

= $45,000 + $2,300 + $3,100 + $2,100

= $52,500

Hence, the cost recorded for the equipment is $52,500

The same is to be considered by applying the above formula

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The twist trust has generated $60,000 in depreciation deductions for the year. its accounting income is $75,000. in computing th
cupoosta [38]

Answer:

the file attached shows the whole explanation. I hope it helps.

Explanation:

Complete question

Compute the depreciation deductions that Hernandez, Jackson, and Twist may claim under the following assumptions. If an amount is zero, enter "0". Do not round any division. Depreciation Deductions Hernandez Jackson Twist Trust

a. Depreciation deduction allocated to corpus. Hernandez$_____ Jackson$_____ Twist Trust$_____

b. If depreciation was allocated to income. Hernandez$_____ Jackson$_____ Twist Trust$_____

c. If the trustee distributed $15,000 each to Hernandez and to Jackson and retained the remaining accounting income. Hernandez$_____ Jackson$_____ Twist Trust$_____

d. If Twist is an estate (not a trust) and depreciation deduction allocated to corpus.

Download docx
5 0
3 years ago
The statement that reports net income or loss for a certain period in time is the
Mars2501 [29]

Answer:

The correct answer is: Income statement.

Explanation:

The Income Statement is a report that measures a company's financial performance over a specific accounting period. This statement is also known as the Profit and Loss Statement and Earnings Statement. The Income Statement shows a company's <em>revenues, expenses, net profit, </em>and <em>net loss</em> from both operating and non-operating activities.

8 0
3 years ago
Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. True
Yanka [14]

Answer:

False

Explanation:

In simple words, Severance pay can be understood as a salary and/or incentives given to an individual by a company after the job is over. In order to help an individual obtain a new job, severance arrangements can include additional rewards, such as life care and observer ship support.

Thus, the weekly benefits are not included in this and the above statement is incorrect.

4 0
3 years ago
The inflation tax refers to
Mandarinka [93]

Answer:

The correct answer is letter "D": the revenue a government created by printing money.

Explanation:

<em>When the government prints more money, there will be more supply of it. A higher supply of money tends to increase general prices causing inflation. Therefore, households will have to pay more money for goods and services which implies they will be paying more taxes, benefiting the government since it will have more money to finance its projects. </em>

The previous practice mentioned is implemented by governments that are not willing to increase the interest rate directly.

4 0
3 years ago
Read 2 more answers
Hertz Car Rental has a customer loyalty program called Gold Plus Rewards that rewards members with one point per dollar spent on
Lerok [7]

Answer:

Relationship

Explanation:

Relationship marketing refers to the marketing in which the company could maintain the loyalty with the customer and predict that the long term relationship could be maintained.

It could be in terms of price, discounts, redeem points, quality, services, after-sales services, etc

Since in the question it is mentioned that the 500 points could be earned so this represents a relationship marketing

7 0
3 years ago
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