Metlock Company purchased a computer for $8,800 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $1,100 salvage value. On January 1, 2021, the estimates are revised. Metlock now feels the computer will be used until December 31, 2022, when it can be sold for $550. Compute the 2021 depreciation. (Round answer to 0 decimal places, e. g. 45,892.) Depreciation expense, 2021

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All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)