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Should be easy, answer question and give a short explanation I give 1 star if you just guess On January 1, Able Company purchased equipment
Should be easy, answer question and give a short explanation
I give 1 star if you just guess
On January 1, Able Company purchased equipment costing $202,200 with an estimated salvage value of $15,800, and an estimated useful life of 8 years. What is the amount that should be recorded as depreciation on December 31?
$27,250 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$186,400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$202,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$23,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
$23,300 A company had revenue of $740,000, rent expense of $119,000, utility expense of $11,900, salary expense of $144,500, depreciation expense of $40,900, advertising expense of $42,100, dividends in the amount of $202,000, and an ending balance in retained earnings of $421,300. What is the beginning retained earnings for the period?
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