Answer:
B) $59,500
Explanation:
The equipment was purchased for 85,000 and has no salvage value which means that all 85,000 will be depreciated over it lifetime. It has a life of 5 years and because it uses straight line method it means that it will depreciate equally each year. The equipment is bought on JAN 1 2010 and sold on July 1 2013 which means that the equipment is used for 3.5 years and in order to find its depreciation we will divide 3.5 by 5 and multiply it by 85,000.
3.5/5*85,000=59,500
Answer:
Dr Income Tax Expense 120,000
Cr Deferred Tax Liability 120,000
Explanation:
Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.
Fell Corporation journal entry for to adjust the deferred tax liability
Dr Income Tax Expense 120,000
Cr Deferred Tax Liability 120,000
$2,000,000 x .4 = $800,000
$800,000- $680,000 = $120,000
This is a<span> statute which requires certain types of contracts </span>to be in writing<span> in order to be enforceable.
</span>
There will be 5 but please do read these to ensure you know them friend.
1: Contracts for the sale or lease of or a mortgage on real property. (Land, etc)
2: Contracts that cannot by their terms be performed within one year after the date was formed.
3: Collateral contracts such as promises to answer for the debt or duty of another individual.
4: Promises that are made in consideration of marriage.
5: Contracts as we went over before for the sale of goods of $500 or more.
Answer:
Their leaders won international acclaim.
Explanation:
Answer:
A) rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.
Explanation:
One of economics basic premises is that human beings are rational and act on self interest. That describes both the behavior of consumers who will always try to maximize their benefits at the lowest possible cost, and entrepreneurs like Alex who will try to increase their wealth by identifying and satisfying other people's needs and wants.
