Book Title
10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
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Chapter 4, Problem 5BCP
Summary Introduction
Case summary: An email with an attachment of nineteen-minute audio was sent to an alderwoman for the city of St. Louis by a person MW. The email had some offensive words and threat refrences. The alderwomen called the police after being threatened through the email. The person MW was convicted of harassment under the state criminal statute.
To find:The constitutionality of conviction under the First Amendment.
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What is the amount of the annual depreciation computed by the straight-line method?
A business purchased equipment for $165,000 on January 1, 2021. The equipment will be depreciated over the five years of its estimated useful life using the straight-line depreciation method. The business records depreciation once a year on December 31. Which of the following is the adjusting entry required to record depreciation on the equipment for the year 2021? (Assume the residual value of the acquired equipment to be zero.) A) Debit $165,000 to Equipment, and credit $145,000 to Cash. B) Debit $33,000 to Depreciation Expense-Equipment, and credit $33,000 to Accumulated Depreciation-Equipment. C) Debit $165,000 to Depreciation Expense-Equipment, and credit $145,000 to Accumulated Depreciation-Equipment. D) Debit $33,000 to Depreciation Expense, and credit $33,000 to Equipment.
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