Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 45 of 75. floyd, a sole proprietor, ope

Question 45 of 75. Floyd, a sole proprietor, opened his new business on...

80.2K

Verified Solution

Question

Accounting

Question 45 of 75.
Floyd, a sole proprietor, opened his new business on January 1,2023, and had $8,000 in business start-up costs. He will expense $5,000 and amortize the remainder. What amount will he amortize in 2023?
$200
$429
image

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

Psychology
1.2K views

Living with a Disability When Shelly saw Ms. Jones in a wheelchair, she felt sorry for her....

Physics
1.2K views

(a) When 117 J of energy is supplied as heat to 2.00 moles of an ideal gas...

Electrical Engineering
1.2K views

PD CONTROL QUESTION Is it possible that for PD controlled case following parameters are true? Uncontrolled PD Controlled RiseTime: 0.0941 SettlingTime:...

Physics
1.2K views

8 A charge Q is placed at each of the two opposite corners of a...

Basic Math
1.2K views

Which of the following best describes the solution to the system of equations below?3x+6y=109x +...

Statistics
1.2K views

Espanol In a big cooler in the kitchen there are the following drinks 8 bottles...

Accounting
1.2K views

1. Determine whether the costs in the table are variable, fixed, mixed, or...

Accounting
1.2K views

a proper assessment of whether a section 338 election is worthwhile would involve discounting the...

Accounting
1.2K views

b) List 3 assets, 3 Liabilities and 3 Equities. c) Explain each of the items...

Accounting
1.2K views

Question three (30 marks) A summarized Statement of Financial position as at 31 December 2015...

Accounting
1.2K views

Shiny Toys had failed to meet the projected revenues for the third year in a...

Accounting
1.2K views

Below are account balances of Mallard Company at the end of September. Accounts Cash Accounts...