Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i need help with my accounting homework. please i

I need help with my accounting homework. please I will rate 5 stars. 29)...

90.2K

Verified Solution

Question

Accounting

I need help with my accounting homework. please I will rate 5 stars.image

29) Which account shows the amount of accounts receivable that the business does Nar expect to collect. A) Uncollectible Accounts Expense B) Sales Returns and Allowances C) Allowance for Uncollectible Accounts D) Unearned Accounts Receivable 30) Given the following data, calculate the cost of ending inventory using the LIFO costing method. A) $740 B) $720 C) $915 D) $545 31) Using an accelerated depreciation method will cause a company to incur A) more taxes in early years of the asset's use as compared to later years. B) less taxes in early years of the asset's use as compared to later years. C) the same amount of taxes in early years of the asset's use as in the later years. D) none of these answers are correct. 32) Deland Company purchased equipment on March 1, 2009, for 130,000. The residual value is $40,000 and the estimated life is 10 years or 60,000 hours. Compute depreciation expense for the year ending December 31, 2013 the company uses the double-declining-balance method of depreciation. A) $20,800 B) $26,333 C) $21,666 D) $24,666

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