Question: Please answer all 4. If you cant please leave it for someone who can. Cheggs policy is 4 question per post not 1. Thank you!!

Please answer all 4. If you cant please leave it for someone who can. Cheggs policy is 4 question per post not 1. Thank you!!
Please answer all 4. If you cant please leave it for someone
who can. Cheggs policy is 4 question per post not 1. Thank
you!! Which of the following principles requires businesses to record bad debt
expense when possible uncollectible accounts are estimated? going concern principle cost principle

Which of the following principles requires businesses to record bad debt expense when possible uncollectible accounts are estimated? going concern principle cost principle O matching principle revenue recognition principle On January 1, 2020, Jason Co. acquired a factory for $2,060,000. The estimated useful life of the factory is five years and the estimated residual value is $128,000. Calculate the depreciation expense per year using the straight-line method. $386,400 $515,000 $412,000 5514,400 Daisy Incorporated purchased a machine for $120,000 on January 1, 2017. On December 31, 2019, the machine was sold for $46,000. Accumulated Depreciation as of December 31, 2019 was $50,000. Calculate gain or loss on the sale. o 54,0poloss $4,000 gain $24,000 loss $24,000 gain Cloud Co. sold inventory of $45,000 to a customer. The state sales tax rate is 11.6%. The customer paid cash. What amount should Cloud Co. debit to the Cash account? $5,220 $45,000 $0 CM $50,220 Next

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