The square root of 169 is 13 :)
Answer:
(ii) A check from a client made out to a third party and does not forward the check within 3 business days
.
(iv) Stock certificates from a client and does not return them within 3 business days.
Explanation:
As per the NASAA model custody rule, the investment advisor will have the custody of the assets of the client an associated person only if the adviser accidentally receives ' a check has been made by the client to the third party but it is not forwarded within three business days' and when 'the certificates of stocks from the client not returned to them within three business days.' Thus, these indirect documents make the adviser eligible to have custody of client's possessions. Thus, the <u>options ii and iv</u> are the correct answers.
Answer:
$34,200
Explanation:
Calculation of total Cost of Equipment
Purchase Price $94700
Freight charges $3800
Foundation and Installation $12000
Total $110,500
Annual Depreciation = Cost - Salvage Value / Useful Life
= ( $110,500 - $25000) / 5
= $17,100
Accumulated Depreciation = $17,100 x 2 = $34,200
Therefore,
the amount of accumulated depreciation at December 31, 2022 is $34,200.
