What is the HTML tag used to display an image on a webpage?
Solve "x" in the following equation: 3x = x + 64
Subtract x on both sides. 2x = 64 Now divide by 2 to get answer. x = 32
A business has purchased equipment on account for $5,000. The business estimates the useful life of equipment for 10 years, a salvage value of $1,000, and uses straight-line. What is the adjusting entry for depreciation for the first month?
First, calculate depreciation using straight-line. The formula is (Cost - Salvage Value)/Useful life. Depreciation would be: $400/yr or $33.33/month For the adjusting entry, you will debit Depreciation Expense and credit Accumulated Depreciation - Equipment for $33.33. Remember accumulated depreciation is a contra-account which will reduce Equipment. The book value of any fixed asset is the asset minus its accumulated depreciation.