Answer:
Remaining Useful Life of the Asset = 7 years
so correct option is d. 7 years
Explanation:
given data
plant asset purchased = $75,000
salvage value = $15,000
Depreciation Expense = $5,000
Accumulated Depreciation = $25,000
to find out
remaining useful life of the plant asset
solution
we know that Remaining Useful Life of the Asset is express as
Remaining Useful Life of the Asset = Historical Cost ÷ Annual Depreciation Expense ...............................1
put here value we get
Remaining Useful Life of the Asset = 
Remaining Useful Life of the Asset = 
Remaining Useful Life of the Asset = 7 years
so correct option is d. 7 years
<span>This statement is false. Ambiguous acceptance criteria would be unclear, as the word ambiguous implies that the criteria is unclear and can be interpreted multiple ways. Clear, unambiguous acceptance criteria would ensure that the customer's requirements were only interpreted how they were expected.</span>
Answer:
$3,620
Explanation:
Accounts receivable at the beginning + recorded credit sales -accounts receivable written off -ending balance accounts receivable.
Therefore:
$690+$3,200-$100-$170 =$3,620
<span>A counterpurchase occurs when a firm agrees to buy a certain amount of materials back from a country to which a sale is made.
Counterpurchases are typically ongoing in their buying agreement. These transactions are made frequently and this allows for a better relationship between the buyer and seller. One company purchases materials to make their product, whatever doesn't sell/get used but the purchasing company is given back to the country from where they made their purchase.
</span>
Answer:
A. Sole proprietorship
Explanation:
A sole proprietorship is a business owned by one person. The owner is responsible for making all business decisions like the products or services to sell, its location, the hours, and mode of operations. The owners enjoy all the profit by themselves. A sole proprietorship is the easiest form of business structure to start. The owner only needs to register it and obtain a license from the local authorities.
Some of the drawbacks of a sole proprietorship or sole trader are a limited source of capital and unlimited liabilities to the debts of the company. Since the business is owned by a single individual, capital is contributed by that one person only. The law treats a sole proprietorship business and the owner as one entity. Business profits are the owner's profits, and so are the debts.
