Raymond purchased a utility trailer on 2/18/2018. The trailer was delivered on 3/10/2018. He added side rails and a lift to the bed of the trailer. The work was completed and the trailer ready for use on 4/2/2018. What is the date placed in service?

a. 02/18/2018
b. 03/10/2018
c. 04/02/2018
d. 01/01/2018

Answers

Answer 1

Answer:

B. 03/10/2018

Explanation:

The date placed in service is 03/10/2018 since this was the date that this trailer or machine was delivered for use according to the question.

The date in service can be defined to be the date that an inventory item such as this machine was made available for service or in other words made available for use. We use this date to calculate the depreciation on the serial inventory.

Answer 2

Answer:

i think its d

Explanation:


Related Questions

Offering customers different sized garbage bins for different disposal fees/prices, is one form of _______________ system.

Answers

Answer: VARIABLE-RATE OR “PAY-AS-YOU-THROW”

Explanation:

Offering customers different sized garbage bins for different disposal fees/prices, is one form of variable rate system.

Who are customers?

Customers are individuals or organizations who purchase goods or services from a seller or provider. They are the people or entities who pay for and use the products or services that a business offers.

Customers can be individuals, households, businesses, or government entities, and they may make purchases for personal or professional reasons.

The relationship between a business and its customers is a crucial aspect of its success, as satisfied customers are more likely to return for future purchases and recommend the business to others.

Giving customers different sized garbage bins for different disposal fees/prices. It is one form of variable rate system.

Learn more about customers here:

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In order to implement expansionary policy, the goverment and Central Bank must government spending, taxes, and interest rates. A increase, increase increase B. increase decrease, decrease C. decrease increase increase D. decrease decrease, decrease​

Answers

Answer:

B. increase decrease, decrease

Explanation:

Expansionary policies are measures aimed at stimulating economic growth. They are applied during times of recession and depression. Expansionary policies work by increasing the money supply in the economy. These policies increase liquidity in the market, thereby increasing the demand for goods and services.

Increasing government spending is an expansionary fiscal policy. Increased spending means releasing more money into the economy.   Decreasing taxes imply individuals and business will pay lower taxes than before. The results in an increase in disposable income and an increase in demand.

The interest rate represents the cost of borrowing money. When the interest rates are high, individuals and businesses find borrowing uneconomical. When the interests are decreased, the cost of borrowing reduces, which encourages increased borrowing for consumption and investments.

Incurring an expense for advertising on account would be recorded by:

a. Is the primary standard-setting body in the United States.
b. Is governed by the U.S. Securities and Exchange Commission.
c. Can overrule the FASB when their policies disagree.
d. Promotes the use of high-quality, understandable global accounting standards.

Answers

Complete Question:

Incurring an expense for advertising on account would be recorded by:

Group of answer choices

A) Debiting a liability account.

B) Crediting an asset account.

C) Debiting an expense account.

D) Debiting an asset account.

Answer:

C) Debiting an expense account.

Explanation:

Incurring an expense for advertising on account would be recorded by debiting an expense account.

This ultimately implies that, when a business firm incurs an expense such as on advertising its goods or services, the appropriate account on the balance sheet to record this will be to debit the advertising expense account and then credit the account payable.

I NEED HELP!! THIS IS SO CONFUSING!!

Answers

Explanation:

AD decreas price level increases and real GDP increase

The accounting effects of inventory sales across companies within a consolidated entity are removed when preparing consolidated financial statements because:_______

Answers

Answer:

The accounting effects of inventory sales across companies within a consolidated entity are removed when preparing consolidated financial statements because:

- usually from a consolidated statements, transactions with outside parties are only reflected.

- usually from a consolidated perspective, there is neither a sale nor a purchase has occurred.

Even if a company has accurate sales forecast information calculated from multiple methods and based on solid data, the company should:

Answers

Answer:

prepare for multiple possible scenarios so it can react to whatever happens in the market

Explanation:

Sales forecast is a method of predicting futures sales volumes and patterns. It is used by businesses to make informed decisions on resource allocation.

Sales forecast determines short term and long term performance of the business.

However having accurate sales forecast information calculated from multiple methods and based on solid data does not give full assurance based on fluctuating market forces.

The business will need to prepare for multiple possible scenarios so it can react to whatever happens in the market.

A company should be prepared by ensuring proactiveness to other possible

conditions not contained in the forecast.

A company having accurate sales forecast information calculated from

multiple methods and based on solid data doesn't guarantee that deviations

can't occur. Sales information can only be forecasted and other activities  can alter the speculated sales information.

For example, the lockdown during the cov-id era caused most

shops to be shut down as a result of the self isolation carried out in

respective homes. This is a deviation in the norm and companies who

weren't prepared for it ran into debts and became liquidated.

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Market power is_____________

Answers


Description
Market power refers to the ability of a firm (or group of firms) to raise and maintain price above the level that would prevail under competition is referred to as market or monopoly power. The exercise of market power leads to reduced output and loss of economic welfare.
The level of influence that a company has on determining market price, either for a specific product or generally within its industry.

This credit is a non-refundable tax credit for qualified higher education tuition and
expenses paid for an eligible student.
A) American Opportunity Tax Credit (AOTC)
B) Lifetime Learning Credit (LLC)
C) Adding Brain Credit (ABC)
D) College Discount Credit (CDC)
18
E) 4 Year College Credit (4Y2C)

Answers

Answer:

b

Explanation:

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