For long-lived assets that have been in use for more than one accounting period, Depreciation Expense on the debit. Accumulated Depreciation on the credit.
Therefore, the entry that was made by the accountant, assets and stockholders' equity will be decreased.
- Depreciation simple defined as the allocation of the cost of a long-lived, tangible asset over its useful life making an expense on the income statement that is matched against the revenue gotten by the use the asset.
The effect of recording depreciation expense on the accounting equation is that Total assets decrease and Total stockholders' equity decreases
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The correct answer should be Option C: 30 graphic T-shirts on sale for $10
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Answer:
The current yield of the bond is 7.89%
Explanation:
The current yield is calculated by dividing the coupon payment by the price of the bond. To solve this question we first need to calculate the price of the bond. We will input the following in a financial calculator to find the price of the bond.
FV= 1,000
PMT= 0.082*1,000=82
N=11.5
I= 7.67
Compute PV=1,039
Now that we know the price we will divide the coupon payment which is 82 by the price which is 1,039.
82/1,039=0.0789=7.89%
Answer:
Outsourcing is a contested idea because the original company loses control of the job they are trying to complete. Outsourcing is a bad idea because it also causes jobs to be lost. (you might want to change the wording a bit.)
Explanation:
How much money to give federal agencies