Depreciation Expense 3,060
Accumulated Depreciation 3,060
72,200-3,400=68,800/8yr=8,600*4yrs=34,400-72,200=37,800
37,800-7,200=30,600/10yr=3,060 annual depreciation
Answer:
the interest rate rises.
Explanation:
When interest rate increase, borrowing money from the banks become expensive. Individuals and companies will not be able to borrow money to finance investments as the interest rates would be discouraging. When the interest rates are high, saving with banks becomes more attractive. Interests earned of deposits become more appealing than the rate of return of an investment project.
Investments increase when the economy is doing well. If real GDP is to increase or consumers are more optimistic, it means the economy is doing well. Firms operate at near capacity if the economic conditions are favorable. In these three situations, investments will increase, not decrease.
Answer:
the line item veto
Explanation:
The line item veto allows the Texas governor to veto specific items in an appropriation bill without killing the entire bill. The state budget is an appropriation bill, so the governor can veto specific budget items.
The bill itself is submitted by the governor, but the state legislature must approve it, and it can also change it.
Answer:
Journal entry on February 8 :
Debit : Cash $2,673
Debit : Discount received $27
Credit : Account Receivable $2,700
Explanation:
The journal entry that Smart makes on February should show the Cash payment net of cash discount, a decrease in Total Account Receivable balance and recognition of an expense discount allowed up to 1 %.
Answer:
Explanation:
Sheniqua tax liability from table = $19,266
http://lectures.mhhe.com/connect/1259575543/2016_Tax_Table.pdf
Her employer has already withheld $16509 from her income
So, balance comes to $2757
Additional tax she needs to pay is $2757
