Answer:
$1,300 and $3,900
Explanation:
The computation of the depreciation expense for the year 2021 and 2022 using the straight line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($45,000 - $6,000) ÷ (10 years)
= ($39,000) ÷ (10 years)
= $3,900
In this method, the depreciation is same for all the remaining useful life
For the year 2021, it is
= $3,900 × 4 months ÷ 12 months
= $1,300
The four months are taken from Sep 1 to Dec 31
And, for the year 2022, it is $3,900
Answer:
The correct answer is letter "A": Are expected to have the highest degree of risk.
Explanation:
A Technical Performance Measure or TPM is an instrument that shows how well a program meets its specifications or goals. Technical Performance Measures are useful for risk tracking to identify the factors of an objective that can potentially affect the original plan of an organization.
Answer:
E. None of the above
Explanation:
The only two accounts that you must add to net income are the amortization and depreciation
In order to reconcile net income to cash from operations the Amortization and Depreciation must be added to Net Income.
Why? because These accounts: Amortization and Depreciation are not cash accounts. This means that the figures in amortization and Depreciation are not actual outflows of cash but just a bookkeeping figure.
B. Economists have different values and scientific judgment. Economists exercise both subjective and objective judgments about data that they collect and observations that they make. These values and judgments differ among economists which can affect their advice or opinions, sometimes leading to conflicting advice.
Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:
Assets
=
Liabilities
+
Equity
Assets=Liabilities+Equity
With a double entry system, credits are offset by debits in a general ledger or T-account.
So debit is the answer