Answer:
Depreciation Expense account is $4,700
Balance in the Accumulated Depreciation account is $9,400
Explanation:
Depreciation is used to determine how a value of a fixed asset decreases with time due to usage. Examples of assets that can be depreciated include equipment, buildings, vehicles and machinery. If the annual depreciation in this case is $4,700, at the end of the second year, depreciation expense would be $4,700. however, accumulated depreciation would be (4700 +4700) totaling to $9,400
Samsung, for having lithium ion batteries in their new phones the samsung galaxy 7, negative because they were burning up and hurting people.
I don’t gurrrllll but a I would love to help you
Answer:
probably not a good place lol
Explanation:
trust me a bunch of middle schoolers will come for u( unless u r one ), I could suggest discord tho, around ur age group :)
Answer: c. $2,526,666.
Explanation:
When calculating amount of research and development costs charged to Sheridan for 2021, the concern should be for period costs i.e, costs that are incurred for 2021 alone. Therefore the Equipment cost cannot be put here because as an Asset it was purchased for future use and so cannot be just for 2021.
The costs therefore are all of the above EXCEPT cost.
= Materials + Depreciation + Personnel Costs + Consulting fees + Indirect Costs
= 915,000 + 441,666 + 715,000 + 265,000 + 190,000
= $2,526,666
Correct answer is Option C
