Taco hut purchased equipment on may 1, 2018, for $15,000. residual value at the end of an estimated 8-year service life is expected to be $4,000.
calculate depreciation expense using the straight-line method for 2018 and 2019, assuming a december 31 year-end. (do not round your intermediate calculations. round your final answers to the nearest whole dollar.)

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.