Ariel Tax Planning Service has the following plant assets: Communications equipment: Cost, with useful life of 8 years; Furniture: Cost, with useful life of 12 years; and Computer: Cost, with useful life of 4 years. Assume the residual value of all the assets is zero and the straightline method is used. Ariel's monthly depreciation journal entry will include a . a. credit to Accumulated Depreciation of $481
b. credit to Depreciation Expense of $5,772
c. debit to Accumulated Depreciation of $481
d. debit to Depreciation Expense of $5,772

a. credit to Accumulated Depreciation of $481

Explanation:

Find the monthly depreciation on all the assets;

Communications Equipment

= 9,600 / (8 years * 12 months)

= 9,600/96

= $100

Furniture

= 17,424 / (12 * 12)

= 17,424/144

= $121

Computer

= 12,480 / (4 * 12)

= 12,480/48

= $260

Add that up;

= 260 + 121 + 100

= $481

This figure will be debited to the depreciation expense account every month and credited to the Accumulated depreciation account to account for the reduction in Asset value.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; foreign exchange transaction;