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Please answer all 4. If you cant please leave it for someone who can. Cheggs policy is 4 question per post not 1. Thank you!!
Please answer all 4. If you cant please leave it for someone who can. Cheggs policy is 4 question per post not 1. Thank you!!
Which of the following principles requires businesses to record bad debt expense when possible uncollectible accounts are estimated? going concern principle cost principle O matching principle revenue recognition principle On January 1, 2020, Jason Co. acquired a factory for $2,060,000. The estimated useful life of the factory is five years and the estimated residual value is $128,000. Calculate the depreciation expense per year using the straight-line method. $386,400 $515,000 $412,000 5514,400 Daisy Incorporated purchased a machine for $120,000 on January 1, 2017. On December 31, 2019, the machine was sold for $46,000. Accumulated Depreciation as of December 31, 2019 was $50,000. Calculate gain or loss on the sale. o 54,0poloss $4,000 gain $24,000 loss $24,000 gain Cloud Co. sold inventory of $45,000 to a customer. The state sales tax rate is 11.6%. The customer paid cash. What amount should Cloud Co. debit to the Cash account? $5,220 $45,000 $0 CM $50,220 Next Step by Step Solution
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