Answer:
D. $6,000
Explanation:
The book value of a new asset includes the purchase price and other related costs that make it ready for use. For Woodstock company, the book value of the new machine will be the buying price of 40,000 plus 1000 transport costs.
Book value = $41,000
The straight-line depreciation method charges equal amounts throughout the life of the asset.
The depreciable amount = asset value - salvage value
=$41,000 - $5000
=$36,000
The depreciation rate = 1/6 x 100
=16.66 %
Annual depreciation = 16.66% x $36,000
=16.66/100 x $36,000
=0.16667 x $36,000
=$6,000
The agencies that ensure properties abide by regulations are known as regulatory agencies.
<h3>What are regulatory agencies?</h3>
It should be noted that regulatory agencies are the independent governmental agencies that are established in order to set standards in a specific field.
In this case, the agencies that ensure properties abide by regulations are known as regulatory agencies.
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Answer:
b. a reorganization.
Explanation:
Under the chapter 13, the bankruptcy should be filed and it mainly reorganization plan for the payment. It is to be done by splitting the non-secured debt across the various years also it permits the individual to retain the assets
So as per the given situation, in order to attain the goal, the proprietorship should file the petition in bankruptcy under for relief via a reorganization
Answer:
Strategic Giving
Explanation:
The strategy undertaken by Krafts foods is to serve a larger purpose to create a positive imagery in the minds of consumers. In order to fight against obesity Krafts develops a partnership to impact on the emotional aspect of their future consumers i.e Hispanic families.
Entering into new markets through strategic giving helps to establish positive image in the minds of their potential consumers.
If liability is classified as current, rather than noncurrent, the company's working capital will <u>decrease</u>.
Legal responsibility is something someone or an agency owes, usually a sum of money. Liabilities are settled over time through the switch of financial benefits inclusive of cash, goods, or services.
Assets are the items your corporation owns that could offer destiny economic benefit. Liabilities are what you owe different parties. In brief, belongings are placed to cash in your pocket, and liabilities take cash out.
In economic accounting, legal responsibility is described as the future sacrifices of economic advantages that the entity is obliged to make to other entities due to past transactions or different past activities.
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