Purchases, expenses and assets i guess
Hope this helps
The primary focus of the Marketing Research Analyst is to execute primary market research projects, both qualitative and quantitative, and provide insights to our Markets & Products and Marketing teams that help develop, position and launch new/existing programs and marketthe Capella brand.
Answer:
Depreciation expense for 2018 and 2019 is $6,640 for each year
The amount of gain or loss that would be recognized on the asset disposal is -$2,920 (a loss)
Explanation:
Depreciation is the systematic recognition of the cost of an asset in the p/l overtime as a result of use. When accumulated, it is known as accumulated depreciation which is deducted from the cost of the asset to get the net book value or carrying amount of the asset. The cost of the asset includes all necessary cost incurred to make the asset available for use.
The cost less the salvage value divided by the estimated useful life gives the annual depreciation.
Total cost = $36,000 + $1,200
= $37,200
Annual depreciation
= ($37,200 - $4,000)/5
=$6,640
Net book value on 1 January 2020
= $37,200 - 2($6,640)
= $23,920
Gain/(loss) on disposal
=$21,000 - $23,920
= -$2,920
Answer:
I think letter A is the right answer
