An OTR is treating a 6-year-old with autism, severity level…

An OTR is treating a 6-year-old with autism, severity level 2 with intellectual impairment. He demonstrates verbal and physical outbursts during transitions. In order to attempt to ease the child’s difficulty with transitions, the OTA would recommend which of the following, to the CSE?

On April 1, 2020, Elway Inc purchases a piece of equipment f…

On April 1, 2020, Elway Inc purchases a piece of equipment for $55,000. The equipment has a $3,000 salvage value and a useful life of 4 years or 130,000 units of production. Elway uses the straight line method of depreciation. On April 1, 2023, Elway sells the equipment for $15,000 cash.  Prepare the journal entry to record the disposal of the equipment. [dr]  Cash                                                           [amount1] [dr]  Accumulated Depreciation       [amount2] [dr]   [account3]                                              [amount3] [cr]   Equipment                                              [amount4]

Orange Inc purchased Patent A for $50,000 and spent $75,000…

Orange Inc purchased Patent A for $50,000 and spent $75,000 internally to create a product that they ultimately received a patent for.  When Patent A was purchased, Orange estimated it had a remaining useful life of 16 years, which is the same as the remaining legal life.  What is Orange’s annual amortization expense related to Patent A?

On November 1, 2020 Jackson Inc issues a $5,000 90 day note…

On November 1, 2020 Jackson Inc issues a $5,000 90 day note payable bearing interest of 6%. What is the journal entry to accrue interest expense at December 31, 2020? ( round to the nearest dollar) DR:  [account1]     [amount]      CR:  [account2]     [amount]