Answer:
$6,800 and $6,800
Explanation:
The computation of the depreciation expense for the first year and the second year using the straight line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($30,400 - $3,200) ÷ (4 years)
= ($27,200) ÷ (4 years)
= $6,800
In this method, the depreciation is the same for all the remaining useful life
Therefore for the first and second year, the same depreciation expense i.e $6,800 should be charged separately in each year
Answer:
a. increasing job enrichment by establishing client relationships
Explanation:
When we consider the above scenario, the company is aiming for job enrichment by providing their employees with more responsibility and creative freedom while also allowing them the ability to interact with their customers and form meaningful relationship.
Answer:
The answer is c.8%.
Explanation:
The internal rate of return is the rate of an investment where the cash outlay and the actual value of the cash flows are the same, so the return is eqaul to zero. The actual value of the cash flow are calculated: annual cash flow multiplied by an annuity of $1 at a selected interest. So, the result has to be equal to the outlay (208,240). In this case, x is the annuity.
The annuity of 5.206 is obtained with the interest of 8%.
Answer:
The statement is true
Explanation:
Business expenses are deductible to the extent that they are incurred outside the tax home. Expenses related to business purpose are deductible. For example, meals and lodging expenses. Personal expenses are not deductible.
However, for cost incurred on travel to and from destination within tax home is considered business expenses and is not required to be prorated between business and personal expenses. IRS keeps a close eye on any business travel outside tax home as in this case expenses need to be prorated between business and personal use.
Answer:
B. False
Explanation:
The retained earnings show distributions available out of profit to the company shareholders after all other obligations to third parties are satisfied.
Hence, additional paid-in capital account would not necessarily form part of Retained Earnings but is included as an increase in the equity account.
