« previous next »

Author Question: Maxine, Inc. bought a machine on January 1, 2012 for 48,000. The machine is expected to last for 8 ... (Read 378 times)

Pea0909berry

  • Hero Member
  • *****
  • Posts: 573
on: Jul 5, 2018
Maxine, Inc. bought a machine on January 1, 2012 for 48,000. The machine is expected to last for 8 years, after which it will be worthless. What is the book value of the machine on Maxine's balance sheet at December 31, 2013?
 
  A) 48,000
  B) 42,000
  C) 36,000
  D) 12,000

Question 2

To journalize the employer's payroll taxes, we need to credit all of the following accounts EXCEPT
 a. Payroll Taxes Expense.
   b. Social Security Tax Payable.
   c. Medicare Tax Payable.
   d. FUTA Tax Payable.


mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Evidence that the ATP synthase is a rotary machine Evidence that the ATP synthase is a rotary machine
Dialysis machine showing diffusion of concentrations, which are the same, between the patient’s ... Dialysis machine showing diffusion of concentrations, which are the same, between the patient’s ...
Automated Vial Filling Machine Automated Vial Filling Machine
ECG machine ECG machine
ECG machine ECG machine
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: T cell receptors

For a complete list of videos, visit our video library