Do It! Review 9-2a On January 1, 2017, Salt Creek Country Club purchased a new riding mower for $17,500. The mower is expected to have a 10-year life with a $600 salvage value. What journal entry would Salt Creek make on December 31, 2017, if it uses straight-line depreciation

Salt Creek should make a journal entry to record full one year depreciation expenses relating to the mower at 31st December 2017 as followed;

Dr Depreciation expenses - Machinery $1,690

Cr Accumulated depreciation - Machinery $1,690

Explanation:

Depreciation refers to the fall in the value of an asset. The annual depreciation expenses relating to Mower would be calculated as;

Annual depreciation expense = (Initial cost of Mower - Estimated salvage value) / Expected useful life.

= ($17,500 - $600) / $10

= $16,900 / $10

= $1,690

Since the Mower is purchased on January 1st, 2017, at 31st December 2017, Salt creek should make a entry to record full year depreciation expense.

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.

answer/// product differentiation;