The Accounts of the Tool Bin Inc At the End of 2014, the Tools Were Inventoried at of 2014

question 105

Short Answer

The accounts of The Tool Bin Inc. at the end of 2014, showed the tools account as follows: $\begin{array} { | l | l | l | } \hline \text { Beginning balance } & \$ 12,000 & \\\hline \text { New tools purchased during 2001 } & & 3,000 \\\hline\end{array}$ At the end of 2014, the tools were inventoried at "cost in present condition" as $12,500. The amount of the adjusting entry for amortization expense at the end of 2014, assuming the inventory/appraisal system, should be $_________________________.

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Pollsters Problem

A dilemma faced by pollsters related to accurately predicting election outcomes due to factors like sampling errors and respondents' willingness to participate.

Push Polls

A type of poll that is designed to influence or alter the view of respondents under the guise of conducting an opinion poll.

Misleading Information

False or inaccurate information that is presented to deceive or misguide.

Representative

An individual elected to act and speak on behalf of others, typically in a legislative body.