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Identify the accounts that would normally have balances in the debit column of a business’s trial balance: assets and expenses. Assets are anything a company owns that is of value that can help offset debts. Expenses are anything that a business accrues and pays to operate. Business expenses and assets can serve as a debit to the company because assets are bought from the company, making a debit from accounts and expenses are debited to pay debts.
Personal qualifications, occupational requirement, responsibilities, financial remuneration (pay) , working conditions.
Days off and vacation flexibility are 2 examples of things that fall under the working conditions category.
Answer:
$22,671
Explanation:
The calculation of the cash flow for the year one is as follows:
Given amount $25,000
Less: Depreciation -$18,150
Earning before income and taxes $6,850
Less: Income tax expense -$2,329 ($6,850 × 34%)
Earning after taxes $4,521
Add: Depreciation expense $18,150
Annual cash flow $22,671
The depreciation expense is computed below:
= $55,000 × 33%
= $18,150
