1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Artist 52 [7]
3 years ago
12

On Dec 1, 2019 ABC purchases a piece of equipment with a total cost of $[YOUR NUMBER] * 1000. The equipment is expected to have

a 8 year or 50,000 mile useful life and a $10,000 salvage value at the end if its useful life. ABC drives the equipment 1,000 miles in 2019 and 12,000 miles in 2020. If ABC uses straight line depreciation, What depreciation expense should ABC record in 2019
Business
1 answer:
Mila [183]3 years ago
5 0

Answer:

$2,000

Explanation:

depreciation expense should ABC record in 2019

You might be interested in
Susie buys a share of Alphabet stock through her broker, Mr. Diaz, who works for Acme Investing and purchases the stock at the N
Andrew [12]

Answer:

Alphabet stock; Acme Investing; New York Stock Exchange.

Explanation:

Susie buys a share of Alphabet stock through her broker, Mr. Diaz, who works for Acme Investing and purchases the stock at the New York Stock Exchange. In this transaction, Alphabet stock is a financial instrument, Acme Investing is a financial institution, and New York Stock Exchange represents a financial market.

Financial instruments can be defined as assets which are having monetary value or used to record a monetary transaction. Financial instruments are generally classified on the basis of their risks, maturity, issuers etc. Some examples of financial instruments are stocks, treasury bills, commercial paper, money market mutual fund, certificate of deposits, corporate bonds etc. The market where these financial instruments (securities and derivatives) are being traded at a low transaction rate is referred to as the financial market.

Furthermore, financial institutions can be defined as a business firm or company that is involved in the business of trading financial instruments.

6 0
3 years ago
Historically the stock market goes up when there is bad news on unemployment. The latest statistics show the unemployment rate i
Evgesh-ka [11]

Answer: C. The stock market now

Explanation:

The Argument target refers to the subject of the discussion in question. The speaker in question is attempting to explain why it would be a good time to buy stocks in the present which concerns the stock market today making it the subject.

The speaker does this by calling into evidence, the correlations between variables in the past and showing that with one variable ( high unemployment) currently in effect, the other variable (increasing stock prices) which it correlates with therefore has a chance of happening in the present.

7 0
2 years ago
When a company records depreciation it debits:_____.
Svetlanka [38]

Answer: A. Depreciation Expense and credits a contra-asset account.

Explanation:

Depreciation is an expense which means that when it is incurred, it will be debited because expenses are debited to show that they have increased.

Depreciation reduces the value of an asset so the asset needs to be credited which is what is done when an asset reduces. The full entry would therefore involved a debit to the Depreciation account and a credit to the asset account that is being depreciated.

4 0
3 years ago
Sunland Company had 203000 shares of common stock, 20100 shares of convertible preferred stock, and $607000 of 10% convertible b
svetlana [45]

Answer:

Option B fits perfectly,$1.61

Explanation:

Basis earnings per share is the total earnings attributable to common stock divided by the weighted average number of common stock in the year.

Earnings attributable to common is net income minus preferred stock dividends

Net income is $361,000

preferred stock dividend=20,100*$1.70=$ 34,170.00  

earnings attributable to common stock=$361,000-$ 34,170=$ 326,830

Weighted average number of common stock is 203,000 shares

basic earnings per share= $326,830/203,000=$1.61

The correct option is B,$1.61

 

6 0
3 years ago
A candidate may apply to multiple jobs at the company Universal Containers by submitting a single application per job posting. O
adoni [48]

Answer:

Create a master-detail relationship in the Application Custom object to the Job Postings custom object.

Explanation: Job Posting is a channel through which the human resource management of an organization posts all its available vacancies internally in the organization to give an opportunity for its existing employees who wish to change their fields and work in different departments.

7 0
2 years ago
Other questions:
  • PLEASE ANSWER FAST
    8·1 answer
  • Aptitudes and skills are the same thing.<br><br> True<br> False
    10·2 answers
  • Lang Warehouses borrowed $146,960 from a bank and signed a note requiring 10 annual payments of $19,032 beginning one year from
    7·1 answer
  • Grossnickle Corporation issued 20-year, noncallable, 7.5% annualcouponbonds at their par value of $1,000 one year ago. Today, th
    10·1 answer
  • There are 800 consumers in an economy that each have the same utility function given by U(c, l) = 32√ c − (24 − l)2 where c is t
    12·1 answer
  • Alejandro works nights at a restaurant. His job is to prepare drinks for customers. He serves drinks directly to customers who s
    15·2 answers
  • PLZZZZ HELPP FASST
    15·1 answer
  • Suppose you are a manager of a firm that operates in a duopoly. Recently, the state attorney general fined you and your competit
    15·1 answer
  • Entrepreneur respond to the incentives of profit <br><br> A. True <br><br> B. False
    6·1 answer
  • Bob lives in San Diego and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of thi
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!