Question

Question Facts Tricia, a programmer, med $35.000 in 2010, but in 2011, the cored a custom woodwing business Pater one year he utmined the information on the right to her account The accountant recorded the depreciation on Tricia's cottage during 2007 52.000 She stopped renting our otte for $4.000 a year and used or woodworking shop. The manat value of the cottage increased from $96.000 to $101.000 According to the accountant Tric's profis She spent $25,000 on a phone s , OA. 523,000 OB. -$10,700 OG - $8.700 OD. SAE 800 O E $25.000 She and machines for $11,000 a year head $10,000 in wajas She used $10.000 from Pravings account Sha borrowed $40.000 percent a year from She said $100.000 worth of tuiture Normal profis 25.000 a year vi

Answer 1

Answer:

Given that normal profit is 25,000, it should be the one that the accountant will report. This is because normal profit = accountant profit

Hence According to the accountant , Tricia’s Profit is $25,000

Correct option: E] $25,000