Answer:
December 31 (office equipment depreciation expense)
- Dr Depreciation Expense - office equipment 1,400
- Cr Accumulated Depreciation - office equipment 1,400
Dec. 31 (production equipment depreciation expense)
- Dr Depreciation Expense - production equipment 2,650
- Cr Accumulated Depreciation - production equipment 2,650
Explanation:
Since depreciation is an expense and it increases, it should be debited.
Since accumulated depreciation is a contra asset account and it increases, it should be credited.
The four 'Cs' of credit are : Character, Capacity or Cashflow, Capital and Conditions.
Out of the 4 'Cs' of credit, the two 'Cs' that deal with the earning potential and available cash are 'Capacity' and 'Capital'.
Capacity: It is the assessment the of the ability of any business to pay bills and maintain the cash flow. It contains in it the debt structure of the firm and the unused credit.
Capital: It is the assessment, if a company has the ability to pay back its creditors by the help of its financial resources or available cash.
Answer:
The correct answer is postconventional
Explanation:
The postconventional level is the level of understanding and acceptance of the general moral principles that inspire norms: rationally chosen principles weigh more than norms. It is made up of stage 5 and stage 6.
Stage 5: Priority rights and social contract
It is the stadium of openness to the world. It is recognized that in addition to the family, group and country itself, all human beings have the right to life and freedom, rights that are above all social institutions or conventions. Openness to the world leads, in the second place, to recognize the relativity of norms and values, but it is assumed that legitimate laws are only those obtained by consensus or social contract. Now, if a norm goes against life or liberty, the moral obligation of not accepting and confronting it is imposed.
Stage 6: Universal ethical principles
It is made aware that there are universal ethical principles that must be followed and have priority over conventional legal and institutional obligations. It works according to these principles because, as a rational being, validity has been captured and he feels committed to following them. In this stage the golden rule of morality prevails: "do to the other what I want for me". And you have the courage to face the laws that undermine universal ethical principles such as human dignity or equality. It is the supreme moral stage, that of Gandhi, of Martin Luther King and that of all people who live deeply in morality.
Capitalize is to give or invest your capital "money" to a company or an industry. According to this question you capitalize all of your assets, therefore your initial fundings will come from shareholding.
And your welcome!
Answer:
$18,000
Explanation:
According to the Internal revenue service, the useful life of the rental property would be 27.50 years.
The computation of the maximum amount of depreciation is shown below:
= (Purchase cost of building - allocated value of land - salvage value) ÷ useful life
= ($600,000 - $104,950 - $0) ÷ 27.50 years
= $495,050 ÷ 27.50 years
= $18,000
