Answer:
Depreciation expense for Year 6 is 20000
Accumulated depreciation at the end of year 6 is 120000
Book value at the end of year 6 is 205000
Explanation:
The straight line method of depreciation charges a constant depreciation expense per year through out the useful life of the asset. The formula for straight line depreciation per year is,
Depreciation expense per year = (Cost - Salvage Value) / Estimated useful life
So, the depreciation expense per year on this asset under straight line method is,
Depreciation expense per year = (325000 - 25000) / 15
Depreciation expense per year = $20000
- So, the depreciation expense for year 6 is $20000
The accumulated depreciation is calculated by adding the depreciation expenses for each year till date. The accumulated depreciation at the end of Year 6 is,
- Accumulated depreciation = 20000 * 6 = $120000
The book value is calculated by deducting the accumulated depreciation from the cost of the asset. The book value at the end of year 6 is,
- Book value = 325000 - 120000 = $205000
Answer:
The answer is B. The audit opinion formulation process is based on the premise that management has responsibility to prepare the financial statements and maintain internal control over financial reporting.
Explanation:
Answer:
B. those who lose from free trade are better organized than those who gain.
Explanation:
There is a bias in the political process against free trade because <u>those who lose from free trade are better organized than those who gain</u>.
Free trades are the business agreement between two or more countries to import or exports among these countries does not have tax duties to follow, which boast their relationship and economy of countries as people can get quality goods at very low cost from other nation, however, many domestic organized sectors the affected by the free trade as they lose customer and revenue. Therefore, free trade has a negative effect on the local producer, which causes bias in the political process against free trade.
Answer:
National Franchise Mediation program ( D )
Explanation:
The National Franchise Mediation program is charged with the responsibility of resolving disagreements/issues arising in the Franchise system of business between the Franchisor ( owner of the business name ) and the Franchisee ( buyer of the business name ) outside the court of law.
The National Franchise mediation program will arbitrate the dispute between Mario Dean and Wendy by listening to the various complaints that would be reported by both Wendy and Mario Dean before giving out a fair , just and impartial ruling on the dispute brought before it. the National Franchise Mediation program is a very vital program for the survival of the Franchise system of business.
Answer:
Segmentation based on product usage
Explanation:
This is the process where by a Market research is carried out to know the frequency of the customers product usage there by allowing the company to be able to align its product with the given statistics. In other to push up the product usage advertisement campaigns are made to let the customers understand new uses of the products.
