Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2. laila has determined that one of her trade rece

2. Laila has determined that one of her trade receivables accounts is irrecoverable debt and...

70.2K

Verified Solution

Question

Accounting

image

2. Laila has determined that one of her trade receivables accounts is irrecoverable debt and must be written off. Which ONE of the following will be the result of this write off? A B C D Trade receivable will be reduced Trade payable will be reduced Accrued expenses will be reduced Inventory will be reduced (2 marks) 3. Bone Enterprises purchased new office equipment. The invoice received contained the following information: List price of the Office Equipment 20,000 Residual value of 6,360 Estimated useful life: 4 years Calculate the depreciable amount for the first full year using the straight- line method. A B D 5,000 13,640 3,410 6,590 (2 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students