Answer:
Explanation: from the question above, disbursement for the period is check for $4,200.
Collection for the period is a check for $6,800.
Net float is $35,900 + $6,800 - $4,200. = $38,500
Answer:
Accumulated depreciation= $276,000
Explanation:
Giving the following information:
On January 2, 2019, Kaiman Corporation acquired equipment for $ 700,000. The estimated life of the equipment is 5 years. The estimated residual value is $ 10,000.
Depreciable value= 700,000 - 10,000= 690,000
Straight-line depreciation= 690,000/5= $138,000
Accumulated depreciation= 138,000*2= $276,000
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