Newco Publishing Company purchased equipment at the beginning of 2014 for $200,000 . The company decided to depreciate the equipment over an 8-year period using the straight-line method. The company estimated the equipment's residual value at $20,000 . The journal entry to record depreciation expense for 2014 will
a. increase Depreciation Expense and increase Accumulated Depreciation for $25,000.
b. increase Accumulated Depreciation and decrease Equipment for $25,000.
c. increase Depreciation Expense and decrease Equipment for $22,500.
d. increase Depreciation Expense and increase Accumulated Depreciation for $22,500.
d
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Suppose your bank lowers its minimum balance requirement by $500. So you take $500 out of your checking account and put it into a money market deposit account. What is the overall effect on M1 and M2?
A. M1 falls by $500, M2 rises by $500. B. M1 is unchanged, M2 is unchanged. C. M1 falls by $500, M2 is unchanged. D. M1 is unchanged, M2 rises by $500.
Concerning how companies control cash received by mail, state which employee should perform the following duties:
What will be an ideal response?
The ________ states that agents' contracts to sell property covered by the Statute of Frauds must be in writing to be enforceable.
A. main purpose exception B. leading object exception C. parol evidence rule D. equal dignity rule
Which of the following countries scores highest in long-term orientation?
A. The Philippines B. Nigeria C. Pakistan D. China