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The journal entry would be something like this:
Debit: Cash
Credit: Loans Payable

If there is no salvage value, just take the $5000 and divide it by the 10 payments. If the payments are annual, then the annual depreciation is $500.

Your banker is correct. You can't prepay interest because interest is accrued based on your principal amount. Any extra payment made is applied to your principal.

Now, when you ask if you would...

3-2+6+2=9k

Fixed costs are expenses that don't change, such as rent expense, phone expense (if same month-to-month), etc. These expenses do not have a direction relationship to sales.

With variable costs,...

Fixed costs are expenses that don't change, such as rent expense, phone expense (if same month-to-month), etc. These expenses do not have a direction relationship to sales.

With variable costs,...

Here are my experiences with 2 credit repair companies: I have tried both Lexington Law and Unified Credit Services. Here is how it went:

Lexington: I signed up for their basic service to have 15...

It really does take time and practice, but in the meantime here are some tips. Try not to focus too much on the good feeling "down there". Try and distract yourself by having her kiss your neck or...

In a lot of movies, such as Original Sin, Desperado, etc. both actors are fully nude in sex scenes and it looks like their private areas are touching, but I am assuming they are not. How is it done?...