Answer:
The journals entry to record depreciation on the equipment for 2016 will be:
Debit Depreciation expense $14,000
Credit Accumulated depreciation $14,000
<em>(To record depreciation expense for Year 2016)</em>
Explanation:
Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($150,000 - $10,000) / 10 years = $14,000 yearly depreciation expense. This applies to Years 2015 and 2016.
The change in the estimate in Year 2017 will not affect the depreciation expense for 2016 based on the previous parameters,
Answer: Bond holders
Explanation: In simple words, bondholders refers to the creditors of the organisation. The holders of the bond are not the owners as they are paid fixed interest and are not able to participate in the decision making of the company.
In the event of liquidation, bondholders are paid first because it is assumed that the decision makers should be punished for the liquidation and hence they should be paid at last.
<span>A branding strategy in which a firm uses a different brand for each of its products is called individual branding. With the use of this strategy, products from the same company are given a unique identity and name. This is especially useful when companies offer a wide range of products that cater different price markets. </span>
Date - Account Title - Debit - Credit
Feb 13
Cash - $10,975 -
Sales - - $10,000
Sales Tax Payable - - $975
What is a Drop-down menu?
A drop-down list (abbreviated drop-down, or DDL; also known as a drop-down menu, drop menu, pull-down list, picklist) is a graphical control element, similar to a list box, that allows the user to choose one value from a list.
When a drop-down list is inactive, it displays a single value. When activated, it displays (drops down) a list of values, from which the user may select one.
When the user selects a new value, the control reverts to its inactive state, displaying the selected value. It is often used in the design of graphical user interfaces, including web design.
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