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3 years ago

14

Betty and Barbara own a business called Betsy. They each invest $30,000 into their business. The concept of owner’s investment i

n the business in referred to as
A. Liability
B. Capital
C. Asset
D. Loan

1 answer:

dem82 [27]3 years ago

7 0

Answer:

D

Explanation:

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Apex Fitness Club uses straight-line depreciation for a machine costing $23,860, with an estimated four-year life and a $2,400 s

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Answer:

1. Book value at end of year 2 = $13,130

2. Depreciation from year 3 for last 3 years = $3,710 each year, that is $11,130 for three years.

Explanation:

As for the provided details, we have:

Cost of machinery = $23,860

Expected life = 4 years

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Straight line depreciation = $\frac{23,860 - 2,400}{4} = 5,365$

Under straight line method depreciation remains constant for life of asset.

Book value at end of year 2 = $23,860 - ($5,365 $\times$ 2) = $13,130

Thereafter in the beginning of year 3 the estimate is made to realize that the total remaining life expected is 3 years, with salvage value $2,000

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Therefore, depreciation from year 3 to year 5 = $3,710 each year.

Total depreciation of last 3 years = $3,710 $\times$ 3 = $11,130

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3 years ago

Eunice tells a colleague, "i wish professor carlson would retire. he's got a nice big office and the department can't afford to

Likurg_2 [28]

I believe that is an example of <span>disengagement theory.
</span><span>disengagement theory believe that a person will eventually disengage with his/her current social group as he/she got older.
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3 years ago

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Answer:

The correct answer is A

Explanation:

The Cash payments for the month of may is computed as:

Cash payment = Cash balance on May 1 + Cash received during the month - Cash balance increased

where

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Cash received during the month is $47,000

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Putting the values above:

Cash payments = $30,000 + $47,000 - $33,000

= $77,000 - $33,000

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3 years ago

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