Answer:
Part 1
Revised depreciation expense = $32,000
Part 2
The entry to record depreciation expense :
Debit : Depreciation Expense $32,000
Credit : Accumulated Depreciation $32,000
Explanation:
Straight line method charges a fixed depreciation charge over the year of use of an asset.
<em>Depreciation expense = (Cost - Salvage Value) ÷ Estimated Useful Life</em>
2021
Depreciation expense = $80,000
2022
Old Depreciation expense = $80,000
New Depreciation expense = Depreciable Amount ÷ Remaining Useful Life
= ($240,000 - $80,000) ÷ 5
= $32,000
Answer:
The answer is "50%"
Explanation:
Modify the state budget Act of 1974 to boost the FY in 1994 and 1995. It is the maximum federal debt quantity and also to set these other quantities for FY 1996 to 1998. Repudiates in the 1994 and 1995 boundaries on consumption spending.
In the Act of 1993, it modifies the 1986 active losses restrictions so, that it allowed rental damages from other revenues to also be deducted from persons who significantly participated such rental properties.
The person may allocate 50% to his time towards services rendered throughout a tax year from the business.
The element of this and any other contract include CONSIDERATION.
In business law, consideration refers to the exchange of money and the receipt of the item that was bargained for. In every transaction, there is always consideration in order for the contract to be legally binding.
Answer: Private goods.
Explanation:
Private goods are commodities bought by a consumer for personal consumption. It is very easy to determine the cost of private goods as the cost is the price at which it is sold in the market. On the other hand public goods are commodities that everyone enjoys in society that are not necessarily paid for by consumers. Therefore to determine the final cost of public goods is difficult to ascertain.
The number of staffs that the process need on average, for the demand will be zero since the twelve staffs are well trained already.
<h3>What is demand?</h3>
Demand simply means the number of goods as services that an individual is willing to purchase at a price and given time.
Here, the number of staffs that the process need on average, for the demand will be zero since the twelve staffs are well trained already.
When a more automated process involving electronic submission of claims could reduce the average processing time to 15 minutes, the effect is that the profitability of the company will increase as there is more output due to reduced time.
When the department coordinators could be persuaded to submit their batched claims earlier, this will minimize the mistakes made by the finance department as there is more time to work effectively.
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