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Inessa [10]
2 years ago
15

On January 1, 2008 an asset was acquired for $30,000. Its useful life was expected to be 10 years and the salvage value is expec

ted to be $0. After four years of use, the company realized the asset would be useful for only three more years. (In other words, the total useful life of the asset will be seven years instead of the original 10 years.) The company uses the straight-line method of depreciation. The Depreciation Expense in each of the years 2012, 2013, and 2014 will be $___
Business
1 answer:
Sladkaya [172]2 years ago
6 0

Each of the years 2012, 2013, and 2014 will incur a $6,000 depreciation expense.

figured out as follows:

Amount to Be Depreciated = Cost of $30,000 less Estimated Salvage Value of $0.

For the years 2012, 2013, 2014, and 2015, $30,000 divided by ten years equals $3,000 every year.

The Book Value is $18,000 after 4 years ($30,000 minus $12,000).

Depreciation of the $18,000 book value will be required over the remaining 3 years= $6,000 annually.

learn more about Depreciation Expense here <u>brainly.com/question/25785586</u>

#SPJ4

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Which of the following would be included in a properly prepared comprehensive annual financial report (CAFR), but not in the min
Elan Coil [88]

Answer: D. Combining and individual fund financial statements.

Explanation: Annual financial Report, the most common of this set of reports issued are general purpose financial statements that include income statement, balance sheet, retain earnings and statement of cash flow. It is a financial statement of 12 consecutive months in a year.

There are items that will be include such as Combining and individual fund financial statements.

7 0
3 years ago
The next time you need to make a choice, your brain will use what what method?
Katarina [22]

Answer:

Imagine you have just flicked a lighter. If you don’t see the flame, you will naturally try a second time. If after the second attempt it does not strike a flame, you will repeat your action again and again until it does. Eventually, you’ll see the flame and you’ll know that your lighter works. But what if it doesn’t? How long are you going to flick the lighter until you decide to give up?

Our everyday life is full of such decision dilemmas and uncertainty. We constantly have to choose between options, whether we make the most ordinary decisions – should I continue flicking this lighter? – or life-changing choices – should I leave this relationship? We can either keep on doing what we are already used to do, or risk unexplored options that could turn out much more valuable.

Some people are naturally inclined to take more chances, while others prefer to hold on to what they know best. Yet being curious and explorative is fundamental for humans and animals to find out how best to harvest resources such as water, food or money. While looking at the Belém Tower – a symbol of Portugal’s great maritime discoveries – from my office window, I often wonder what drives people to explore the unknown and what goes on in their brains when weighing pros and cons for trying something new. To answer these questions, together with Dr. Zachary Mainen and his team of neuroscientists, we investigate how the brain deals with uncertainty when making decisions.

Explanation:

It is well known that the decision-making process results from communication between the prefrontal cortex (working memory) and hippocampus (long-term memory). However, there are other regions of the brain that play essential roles in making decisions, but their exact mechanisms of action still are unknown.

4 0
3 years ago
An individual stock's diversifiable risk, which is measured by its beta, can be lowered by adding more stocks to the portfolio i
Norma-Jean [14]

Answer:

An individual stock's diversifiable risk, which is measured by its beta, can be lowered by adding more stocks to the portfolio in which the stock is held.

B. FALSE

5 0
3 years ago
Algorithmic tasks are easier to automate than phronetic tasks. <br>,○ True <br>○ False​
Nostrana [21]

Algorithmic tasks are easier to automate than phronetic tasks. Therefore it's false.

<h3>What are algorithm tasks?</h3>

It should be noted that algorithmic tasks simply means tasks where one follows a set of prices to achieve a result.

In phronetic tasks, the main goal is to clarify values as power as a basis for praxis.

In this case, it's complicated than algorithm task.

Learn more about task on:

brainly.com/question/12831236

#SPJ1

4 0
2 years ago
True or False: One of the disadvantages of the perpetual inventory system is the company's decreased ability to keep better reco
blondinia [14]

Answer:

False

Explanation:

4 0
3 years ago
Read 2 more answers
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