Answer:
The amount that Canliss borrowed is $45,459.51
Explanation:
The amount borrowed is the present value of $10,500 for five years using the discount factor applicable to each to each year as shown below
The formula for discount factor=1/(1+r)^n
r is the rate of interest on the loan which is 5%
n is the year relating to each cash flow ,for instance 1 for year one
present value of the loan=$10,500/(1+5%)^1+$10,500/(1+5%)^2+$10,500/(1+5%)^3+$10,500/(1+5%)^4+$10,500/(1+5%)^5=$45,459.51
Hi there
Salvage value is not taken into consideration the law allows you to fully depreciation the entire cost of the asset.
So it's c
Answer:
With wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwhhhhhhhhhhhhhhhhhhhhhhhhhhhaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaattttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt
Explanation:
Answer:
207,000
Explanation:
Data provided
Sold units = 218,000
Ending inventory = 13,000
Opening units = 24,000
The computation of units during September is shown below:-
Number of units manufactured during the year = Sold units + Ending inventory - Opening units
= 218,000 + 13,000 - 24,000
= 231,000 - 24,000
= 207,000
Therefore for computing the number of units manufactured during the year we simply applied the above formula.
Answer:
1. Intangible assets.
2. Amortization.
3. Franchise.
4. Research and Development Costs.
5. Goodwill.
Explanation:
1. Intangible assets: Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance.
2. Amortization: The allocation of the cost of an intangible asset to expense in a rational and systematic manner.
3. Franchise: A right to sell certain products or services, or use certain trademarks or trade names within a designated geographic area.
4. Research and Development Costs: Costs incurred by a company that often lead to patents or new products. These costs must be expensed as incurred.
5. Goodwill: The excess of the cost of a company over the fair value of the net assets required.