Blog

If a piece of equipment costs $50,000, has a salvage value of $5,000, and a useful life of 10 years, what is the annual depreciation expense using the straight-line method?

Engler Company purchases a new delivery truck for $55,000. The sales taxes are $4,000. The logo of the company is painted on the side of the truck for $1,600. The truck license is $160. The truck undergoes safety testing for $290. What does Engler record as the cost of the new truck?

where is Debit located 

The client has been mechanically ventilated for the past week and is receiving a neuromuscular junction (NMJ) blocker, an analgesic, and a sedative. The goal is to extubate the client. The nurse should anticipate what action by the care team?

A plant asset was purchased on January 1 for $100,000 with an estimated salvage value of $20,000 at the end of its useful life. The current year’s Depreciation Expense is $10,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $50,000. The remaining useful life of the plant asset is

A company purchased factory equipment on April 1, 2021, for $160,000. It is estimated that the equipment will have a $20,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2021, is

Which of the following is NOT a method of calculating depreciation?

Conjugate vaccines, such as those developed against H. influenzae type B and N. meningitidis, provide protection in small children and infants that are unable to make antibody responses to isolated polysaccharide antigens. This is possible because:

Discount on bonds is an additional cost of borrowing and should be recorded as interest expense over the life of the bonds.

Use basic accounting equation. part2 At the beginning of the year, Ortiz Company had total assets of $900,000 and total liabilities of $440,000. Answer the following questions. During the year, total liabilities decreased $100,000, and stockholders’ equity increased $200,000. What is the amount of total assets at the end of the year?