Recording Asset Acquisition, Depreciation, and Disposal On January 2, 2019, Verdi Company acquired a machine for $85,000. In addition to the purchase price, Verdi spent $2,000 for shipping and installation, and $2,500 to calibrate the machine prior to use. The company estimates that the machine has a useful life of five years and a residual value of $7,000. Required a. Prepare journal entries to record the acquisition costs. Description Debit Credit Answer Answer Answer Answer Answer Answer b. Calculate the annual depreciation expense using straight-line depreciation and prepare a journal entry to record depreciation expense for 2019. Description Debit Credit Answer Answer Answer Answer Answer Answer c. On December 31, 2022, Verdi sold the machine to another company for $12,000. Prepare the necessary journal entry to record the sale

What is the quantity demanded when the price floor is $0.75 in the market for public transportation? a. 75,000 b. 116,000 c. 0 (zero) d. 100,000 e. 86,000?

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is