By comparing subsidiary accounts to schedules of accounts payable, an
1 answer:
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Total unrealized holding gain would Beresford report in its 2021 income statement relative to its investments in bonds is $36,600.
Unrealized holding gains are increases in the value of assets that a company or individual continues to hold.
This gain has not yet been reported on the entity's income statement as a realized gain.
The gain is considered realized once the asset is sold.
Assets are frequently held even after a gain in value has occurred, either because the owner expects another gain or because the owner does not want to pay taxes on the gain.
Therefore, total unrealized holding gain is the difference between the fair value of trading securities on 12/31/2021 and at 12/31/2020.
For the figures used refer to the attached image.
total unrealized holding gain = (76000 - 65000) + (98100 - 67000) + (58500 - 64000)
= 11000 + 31100 - 5500
= $36,600
Hence, the correct answer is $36,600.
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Answer:
annual depreciation expense = $6000
so correct option is d. $6,000
Explanation:
given data
machine costing = $40,000
transportation and installation = $1,000
useful life = 6 years
residual value = $5,000
to find out
How much is the annual depreciation expense
solution
we get here first Cost of machine that is
Cost = $40,000 + $1000
cost = $41000
so depreciable base will be here
Depreciable base = cost - residual value
Depreciable base = 41000 - 5000
Depreciable base = $36,000
so annual depreciation expense is
annual depreciation expense =
annual depreciation expense = $6000
so correct option is d. $6,000