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Anon25 [30]
3 years ago
7

Concord Company purchased equipment for $25200 on December 1. It is estimated that annual depreciation on the equipment will be

$6300. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:
Debit Depreciation Expense, $6300;
Credit Accumulated Depreciation, $6300.
Debit Depreciation Expense, $525;
Credit Accumulated Depreciation, $525.
Debit Equipment, $25200;
Credit Accumulated Depreciation, $25200.
Debit Depreciation Expense, $18900;
Credit Accumulated Depreciation, $18900.
Business
1 answer:
Ray Of Light [21]3 years ago
7 0

Answer:

Debit Depreciation Expense, $525;

Credit Accumulated Depreciation, $525.

Explanation:

Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:

Debit Depreciation Expense, $525

Credit Accumulated Depreciation, $525

Calculated as:

Debit depreciation expense $6,300/12

Debit depreciation expense=$525

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Answer:

$12,200

Explanation:

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The following schedule shows the technology of production at Mahalo Macadamia Nut Farm for​ 2015: Workers Total Pounds of Macada
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and MRPL = $1,200 = wage rate when there are 2 workers.

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The computation of unionized is shown below:-

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Workers   Total Production    Marginal Product     MRPL

                   (per day)

a                    b                        b × $8

0                   0

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4                   500                          50                        $40

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From the above table MRPL = $200 = wage rate when there are 5 workers

and MRPL = $1,200 = wage rate when there are 2 workers.

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