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Step2247 [10]
2 years ago
15

What will help a person with power of attorney make good decisions?

Business
1 answer:
slava [35]2 years ago
6 0

An understanding of how to take care of his/ her family members will enable a person to make good decisions on his /her power of attorney.

Option D is the correct answer.

<h3>What is a power of attorney?</h3>

The power of attorney is a kind of legal document where an individual handover his/her decision-making power to another trusted person.  It is also known as will.

In the power of attorney or will, the senior-most member of the family will designate all his powers relating to decision-making to his son or daughter or guardian, if he doesn't have his own child. It also involves taking care of all assets or properties of him at the time of his death or when he is not physically able to handle all of their routine matters.

Therefore, the power of attorney helps an individual to take care of his/her family by making good decisions.

Learn more about power of attorney here:

brainly.com/question/11376545

#SPJ1

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You are evaluating a proposed expansion of an existing subsidiary located in Switzerland. The cost of the expansion would be SF
Marysya12 [62]

Answer:

Explanation:

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7 0
3 years ago
Art B.Traytor, a member of the American Arbitration Association and long-standing faculty member of the business school of a lar
valentina_108 [34]
The answer would be
6 0
3 years ago
On January 1, 2018, Friendly Farm Company purchased a new machine at a cost of $350,000. The machine has an estimated useful lif
schepotkina [342]

Answer:

Friendly Farm Company

Schedule of Straight-line, Units of Production, and Double Declining Balance:

                             Straight-line     Units of Production    Double Declining

Year 1 Book value   $350,000        $350,000                               $350,000

Depreciation Exp.     $80,000          $96,000 (30,000*$3.20)      $175,000

Year 2 Book value $270,000        $254,000                                 $175,000

Depreciation Exp.    $80,000           128,000 (40,000*$3.20)          87,500

Year 3 Book value $190,000         $126,000                                  $87,500

Depreciation Exp.   $80,000             64,000 (20,000*$3.20)          43,750

Year 4 Book value $110,000           $62,000                                  $43,750

Depreciation Exp.    80,000              32,000 (10,000*$3.20)         $13,750

Residual value       $30,000           $30,000                                  $30,000

Explanation:

a) Data and Calculations:

Cost of new machine = $350,000

Estimated useful life = 4 years or 100,000 hours

Residual value = $30,000

Usage of machine:

Year 1 = 30,000 hours

Year 2 = 40,000 hours

Year 3 = 20,000 hours

Year 4 = 10,000 hours

Units of Production = $320,000/100,000 = $3.20 per unit

Depreciable amount = $320,000 ($350,000 - $30,000)

Straight-line method, Depreciation per year = $80,000 ($320,000)

= 25% (100/4).

Depreciation expense, using Double-Declining Balance rate = 25% * 2 = 50%:

Year 1 = $350,000 * 50% = $175,000

Year 2 = $175,000 * 50% = $87,500

Year 3 = $87,500 * 50% = $43,750

Year 4 = $13,750 ($43,750 - $30,000)

b) These different methods still arrive at the same end result as shown above.  Note that depreciation is an accounting estimate which spreads the cost of an acquired long-term asset over its useful life.

5 0
2 years ago
At the beginning of the project, it may not be possible to estimate the costs for all activities with a level of confidence rega
Marina CMI [18]

Answer: Longer-term project

Explanation:

At the beginning of a project, it may not be possible to estimate the costs for all activities with some levels of confidence regarding their accuracy if the project isn't a short-term project, because it's not really possible to accurately fortell the costs of unforseeable outcomes and factors that may affect the project in one way or the other in the long run.

5 0
3 years ago
Sheila sells land to Elane, her sister, for the fair market value of $40,000. Six months later when the land is worth $45,000, E
77julia77 [94]

Sheila Recognized gain is \$16000

Jacob Recognized gain is \$8000

<u>Solution: </u>

Sheila’s Sale:

Amount noticed              \$40,000

Fixed basis                      (24,000)

                                       -------------

Gain                                 \$16,000

Recognized Gain = \$16,000

Jacob’s Sale:

Amount noticed              \$48,000

Fixed basis                      (40,000)

                                       -------------

Gain                                \$8,000                            

Recognized Gain = $8000

The $40,000 profit base of Jacob is same as the adjusted basis of Elane.

8 0
3 years ago
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