FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

QUESTION 3 Thato Horton opened a software consulting company that immediately paid R 2 8 0 0 0 for a computer. Requirement: Answer the following

QUESTION 3
Thato Horton opened a software consulting company that immediately paid R28000 for a
computer.
Requirement:
Answer the following question:
Was Horton's computer an expense of the business? Explain your answer.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

11.55 Refer to Exercise 11.54. Use this MINITAB output to identify the differences in the treatment means. MINITAB output for Exercise 11.55 Tukey 95 Simultaneous Confidence Intervals All Pairwise...

Answered: 1 week ago

Question

★★★★★
The stockholders equity section of Maley Corporations balance sheet consists of common stock ($8 par) $1,000,000 and retained earnings $300,000. A 10% stock dividend (12,500 shares) is declared when...

Answered: 1 week ago

Question

★★★★★
Could you help with this question. TCP/IP layers do not include________ Application Layer Session Layer Link Layer Transport Layer

Answered: 1 week ago

Question

★★★★★
A mortgage broker is offering a 30-year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 6.0 percent APR interest rate. After the...

Answered: 1 week ago

Question

★★★★★
According to the predictions of quantum mechanics, could atomic clocks also have errors, and there would be no instrument at all to point out the errors, still due to quantum mechanical limitations?

Answered: 1 week ago

Question

★★★★★
250 mL of a waste solution obtained from the workshop of a goldsmith contains 0.1 M AgNO 3 and 0.1M AuCl . The solution was electrolyzed at 2V by passing current of 1A for 15 min .The metal/metals...

Answered: 1 week ago

Question

★★★★★
If you have two vibrating tuning forks that create a binaural beat of 440 Hz, would they be able to make a third tuning fork calibrated to 440 Hz resonate?

Answered: 1 week ago

Question

★★★★★
The following is a pedigree of PKU that is associated with a mutation in the PAH gene. Note: Filled squares or circles represent PKU patients. Assume that no other mutation arises within the...

Answered: 1 week ago

Question

★★★★★
The diagram below shows a signaling pathway that is activated following the binding of adrenaline to the -adrenergic receptor. The major steps of this signaling pathway are outlined below and also...

Answered: 1 week ago

Previous Question Next Question