Business, 29.11.2019 05:31 linhlema2005
The following financial information applied to your company for 2018:
• sales revenues, $4,350,000 • labor and materials, $970,000
• depreciation for existing assets purchased prior to 2018, $80,000
• on january 5, 2018, you purchased $130,000 of equipment classified as 5-year macrs assets
• on september 23, 2018, you purchased $210,000 of equipment classified as 7-year macrs assets
a) calculate the total depreciation expenses allowed in 2018.
b) calculate the taxes your company owes for 2018 and your net income for 2018.
Answers: 1
Business, 22.06.2019 12:40
Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false
Answers: 3
Business, 23.06.2019 01:40
During a liquidation, a partner's capital account balance drops below zero. what should happen? select one: a. the deficit balance should be removed from the accounting records with only the remaining partners sharing in future gains and losses.b. the partner with a deficit should contribute enough assets to offset the deficit balance if he is solvent.c. the other partners should contribute enough assets to offset the amount of deficit if the partner with a deficit is insolvent.d. both b & c
Answers: 3
Business, 23.06.2019 14:50
Idont need this written for me but if someone could just come up with an example that can get the process started for me that would be ! research the consumer services industries in united states. choose any one of the consumer services companies and write an essay of about 500 words on how a diverse economy such as the united states can satisfy the needs of its consumers. consider different cultures and languages, services offered to lower socioeconomic populations, or services offered to disabled consumers or women. also analyze the challenges faced by the consumer service industry.
Answers: 1
The following financial information applied to your company for 2018:
• sales revenues, $4,3...
• sales revenues, $4,3...
Mathematics, 22.09.2019 06:20
Business, 22.09.2019 06:20
Physics, 22.09.2019 06:20
Mathematics, 22.09.2019 06:20
Mathematics, 22.09.2019 06:20
Mathematics, 22.09.2019 06:20
Social Studies, 22.09.2019 06:20
Social Studies, 22.09.2019 06:20
Social Studies, 22.09.2019 06:20
Biology, 22.09.2019 06:20
English, 22.09.2019 06:20
Chemistry, 22.09.2019 06:20