Ryan Company purchased a machine on July 1 . 2013 . The machine cost $250,000 and has a salvage value of $10,000 and a useful life of eight years. The adjusting entry for the year ending December 31 . 2014, would include a debit to Depreciation Expense of
a. $30,000.
b. $15,000.
c. $31,250.
d. $15,625.
A
You might also like to view...
Which of the following expressions is termed the investment turnover factor as used in determining the rate of return on investment?
A) Invested Assets/Sales B) Income From Operations/Invested Assets C) Income From Operations/Sales D) Sales/Invested Assets
According to Porter's five forces model, an oil producer will have increased ________ if the supply of oil drops sharply.
A. threat of new entrants B. risk of rivalry C. threat of substitutes D. industry coalescence E. bargaining power
The process of a deceased's property being collected, debts and taxes being paid, and the remainder of the estate being distributed is known as ________
A) probate B) abatement C) ademption D) adjournment
The secondary dimensions of diversity include all of the following, except:
a. Marital status b. Religion c. Education d. Ethnicity