Business, 06.09.2019 21:30 heythere7373

On january 1, year 1, your ride inc. paid $36,000 cash to purchase a taxi cab. the taxi had a four-year useful life and a $4,000 salvage value. required a. determine the amount of depreciation expense that would appear on the year 1 and year 2 income statements. b. determine the amount of accumulated depreciation that would appear on the year 1 and year 2 balance sheets.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 13:10

The table below is comparing level of education achieved to the rate of unemployment and the median weekly earnings in 2008. based on the information provided, the unemployment rate decreases the most when moving between which two consecutive educational levels? a. “less than high school” and “high school graduate” b. “high school graduate” and “some college, no degree” c. “associate degree” and “bachelor’s degree” d. “professional degree” and “doctoral degree”

Answers: 1

Answer

Business, 22.06.2019 11:20

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?

Answers: 2

Answer

Business, 22.06.2019 11:30

What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?

Answers: 1

Answer

Business, 22.06.2019 23:10

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?

Answers: 2

Answer

You know the right answer?

On january 1, year 1, your ride inc. paid $36,000 cash to purchase a taxi cab. the taxi had a four-y...

Questions