a . What is the classification of the Accumulated Depreciation account? b . Which two accounts are
Question:
a. What is the classification of the Accumulated Depreciation account?
b. Which two accounts are affected by an adjusting entry for depreciation?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
The accumulated depreciation account is a contra asset account on a companys balance s...View the full answer
Answered By
Dudhat Vaidehi
I tutored mostly elementary school students privately after school and during the summer. We met in their homes or at the public library. I charged an hourly fee, and I provided any necessary materials.
Having taught in special education in two local schools for many years meant that I had contact with a lot of parents of special needs students. I never had to advertise — word of mouth was how most folks knew of me. At one point I did have a website, but didn't utilize it much. I stayed very busy, especially in the summers, and always had a full schedule. I typically met with each student's teacher in order to get an idea of what the focus of my instruction/remediation should be. Becoming familiar with the student's learning style(s) was also very helpful. Often parents would share records and test results with me. After each tutoring session, I documented the student’s progress and gave parents written updates, as well as phone calls or emails as needed.
While my students and I certainly utilized technology and the internet often during our sessions, I never tutored online or for any tutoring company, so am not familiar with the curriculums or methods used in those settings.
Tutoring one on one was very enjoyable and rewarding. My students and I had fun, and grew quite fond of one another. The extra income was a bonus. I had to retire from tutoring due to a physically handicapping disease, and miss my students very much.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is the classification of the freight in account?
-
Which asset accounts are affected by investing activities?
-
Which liability and equity accounts are affected by financing activities?
-
Evaluate the limit or determine that it does not exist. |xx| lim (x,y)(0,0) [x] + [yl
-
In exercise 29.7, we considered how low teaser interest rates impact borrowing when college students are present-biased. We now consider the difference in borrowing responses to such teaser rates by...
-
Carbon dioxide gas enters a pipe at 3 MPa and 500 K at a rate of 2 kg/s. CO2 is cooled at constant pressure as it flows in the pipe and the temperature of CO2 drops to 450 K at the exit. Determine...
-
Create a Windows Forms application. Use the following names for the project and solution, respectively: Potter Project and Potter Solution. Save the application in the VB2017\Chap09 folder. a. The...
-
Dickeys has equipment that cost $45,000 and that has been depreciated $26,000. Instructions Record the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was...
-
Question 19 (3.5 points) On January 1, Easton Company had cash on hand of $95,000. All of January's $248,000 sales were on account. December sales of $202,000 were also all on account. Experience has...
-
Before being injected into a furnace, pulverized coal is preheated by passing it through a cylindrical tube whose surface is maintained at T sur = 1000C. The coal pellets are suspended in an airflow...
-
Justify crediting the Accumulated Depreciation account rather than the Plant Asset account when recording depreciation expense.
-
The following adjustments for depreciation were entered on the work sheet for InBeat CD Shop for the year ended December 31. Instructions Record the adjusting entries on general journal page 11....
-
Jayne Phillips, CPA has been engaged by the town council of Granger to perform an audit of the town's June 30, 1999 financial statements in accordance with generally accepted auditing standards. By...
-
Sketch plane / intersecting plane K. Then draw a line & in plane J that intersects plane Kat a single point. A X C B D E
-
Use a graphing utility to verify any five of the graphs that you drew by hand in Exercises 126. Data from exercise 1-26 1. x + 2y = 8 3. x2y> 10 2. 3x6y 12 4. 2xy > 4
-
The following information pertains to Porter Company for 2011. Ending inventory consisted of 30 units. Porter sold 320 units at \(\$ 30\) each. All purchases and sales were made with cash. Required...
-
In Problems 7780, use a numerical integration routine on a graphing calculator to find the area bounded by the graphs of the indicated equations over the given interval (when stated). Compute answers...
-
Solar Heating, Inc., had the following transactions for 2011: Required a. Determine the quantity and dollar amount of inventory at the end of the year, assuming Solar Heating Inc. uses the FIFO cost...
-
A pharmaceutical company wants to test the effectiveness of a new drug used to treat migraine headaches. The company identifies 500 females ages 25 to 45 years old who suffer from migraine headaches....
-
State whether each statement is true or false. If false, give a reason. {purple, green, yellow} = {green, pink, yellow}
-
What special rules are applicable to non-degree candidates who receive scholarships?
-
Is the personal injury exclusion found in Sec. 104 limited to physical injury? Explain.
-
Answer the following questions relative to employer- financed medical and health, disability, and life insurance plans. a. May employers deduct premiums paid on employee insurance? b. Do employees...
-
Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzerias owner has determined that the shop...
-
Which of the following statement regarding a post-closing trial balance is not true
-
What are the benefits and potential risks factors for undertaking derivative strategies compared to cash transactions
Study smarter with the SolutionInn App