City taxi service purchased a new auto to use as a taxi on january 1, 2018, for $36,000. in addition, city paid sales tax and title fees of $1,200 for the vehicle. the taxi is expected to have a five-year life and a salvage value of $4,000. required using the straight-line method, compute the depreciation expense for 2018 and 2019. assume the van was sold on january 1, 2020, for $21,000. determine the amount of gain or loss that would be recognized on the asset disposal. (amounts to be deducted should be indicated with minus sign.)
Answers: 3
Business, 22.06.2019 02:20, lovehelping1564
Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?
Answers: 2
Business, 22.06.2019 11:50, adrianmelchor146
The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000
Answers: 3
City taxi service purchased a new auto to use as a taxi on january 1, 2018, for $36,000. in addition...
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