Fellingham corporation purchased equipment on january 1, 2019, for $200,000. the company estimated the equipment would have a useful life of 10 years with a $20,000 residual value. fellingham uses the straight-line depreciation method. early in 2021, fellingham reassessed the equipment's condition and determined that its total useful life would be only six years in total and that it would have no salvage value. how much would fellingham report as depreciation on this equipment for 2021?

What is free trade? a. trade that is not subject to taxes or fees b. trade that governments do not interfere with c. trade with a high level of government regulation d. trade between states in the u.s. b

An essential element of being receptive to messages is to have an open mind true or false

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.