Answer:
c. $620,000
Explanation:
The computation of the book value is shown below:
The depreciation expense would be
= (Acquiring value of the machine - estimated residual value) ÷ (estimated useful life)
= ($1,000,000 - $50,000) ÷ (5 years)
= ($950,000) ÷ (5 years)
= $190,000
The depreciation should be charged for 2 years so, the accumulated depreciation is
= $190,000 × 2 years
= $380,000
Now the book value
= Acquiring value of the machine - accumulated depreciation
= $1,000,000 - $380,000
= $620,000
Answer:
may still have a net increase in cash
Explanation:
In the case when the company recognized the net loss so it might be the condition that there is an increase in the cash balance as in the case as the closing balance should be more than the beginning balance of cash
So as per the given question, the above should be the answer and the same is relevant
If the A/S upward sloping the the A/D curve will tend to the right leading to an increased demand for goods.
The answer is <span>global marketing strategies,
</span><span>global marketing strategies refer to the marketing strategies that created to target potential customers outside the main country where that company is located. Due to differences in cultures, norms, and taboo, the type of advertising that works in a certain country doesn't guarantee that it would work on another.</span>
Answer:
31 March Supplies Expense 1500 Dr
Supplies Account 1500 Cr
Explanation:
We prepare the adjusting entry at the end of the period. Here the adjusting is done at the end of the month.
Fost, we calculate the value of supplies we have.
Supplies = Opening balance + purchases
Thus, supplies account has a balance of = 500 + 1200 = $1700
During the month, we used supplies of $1500. Thus the remaining balance in supplies account at the end of the month is = 1700 - 1500 = 200
To reduce the supplies account balance and charge the value of used supplies, We debit the supplies expense account by $1500 and credit the supplies account by $1500.