Business, 04.07.2020 01:01 kbkbkbkb7611
For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31.
Step 1: Determine what the current account balance equals.
Step 2: Determine what the current account balance should equal.
Step 3: Record the December 31 adjusting entry to get from step 1 to step 2.
Assume no other adjusting entries are made during the year.
Case 1: The Krug Company's Accumulated Depreciation account has a $1 7,500 balance to start the year. A review Of depreciation schedules reveals that $19,400 Of depreciation expense must be recorded for the year.
Case 2: The company has only one fixed asset (truck) that it purchased at the start of this year. That asset had cost $52,000, had an estimated life of 5 years, and is expected to have zero value at the end of the 5 years.
Case 3: The company has only one fixed asset (equipment) that it purchased at the start of this year. That asset had cost S48,000, had an estimated life of 7 years, and is expected to be valued at $8,800 at the end of the 7 years.
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Match the terms with the appropriate definition. 1. work done for pay job 2. series of related jobs based on knowledge, training, tasks performed, interests, and experience career 3. buying or selling products and services using the internet mediation 4. wage amount after deductions are withheld net wage 5. a way a person chooses to live his or her life e-commerce 6. the people who are both able and willing to work technology 7. unequal treatment of others based on a bias concerning a person’s characteristics such as race, religion, gender, or age discrimination 8. the act of sharing information lifestyle 9. the use of a third party to make suggestions workforce 10. knowledge and tools used to perform tasks communication
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Business, 23.06.2019 05:00
Choose a well-known company that you know of, and describe its direct and indirect competitors. choose a well-known company that you know of, and describe its direct and indirect competitors. describe at least three direct competitors and three indirect competitors.at least three direct competitors and three indirect competitors.
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For each separate case below, follow the three-step process for adjusting the Accumulated Depreciati...
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