The straight line depreciation expense in 2022 is $1500.
The straight line depreciation expense in 2023 is $3000.
<h3>What is the depreciation expense in 2022 and 2023?</h3>
The striaght line depreciation method spreads out the depreciation expense equally over the useful life of the project.
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($32,000 - $4,000) / 8 = $3000
The depreciation expense each year would be $3000 except in 2022 when the truck was used for 6 months.
Depreciation expense in 2022 = 6/12(3000) = $1500
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Answer:
the contract is a. void.
Explanation:
this is because Huck has been declared as mentally incompetent by the court and that can only be changed by the court as well. so, when he agrees to sell and create a contract, it becomes void, no matter the value is or how closely it relates to the market value.
if it was Inez who came into the contract, then the contract would have been legally binding.
Answer:
The annual expected loss is $1,250
Explanation:
The annual expected loss can be calculated by multiplying the probability that a risk will occur in a particular year (ARO) by the expected monetary loss every time a risk occurs, (SLE).
ALE=ARO*SLE
In this case,
ARO = 50%
SLE is $2,000 to $3,000. We consider an average so SLE is $2,500
ALE= $2,500 *50%=$1,250
Answer:
Ans. The loan payment is $1,582,784.88, therefore is smaller than the lease by $207,215.12
Explanation:
Hi, first we have to find out the amount to pay for the loan every year in order to verify if the loan is cheaper or more expensive than the lease, we have to use the following formula and slove it for "A".
Now, we solve for A
Now we can see that the lease is more expensive than the loan, this is how to find out for how much.
Best of luck.
A) Raul fixes cars.
The other business people offer a product. Taylor provides car parts, Jared provides toys, and Tina provides food. Raul offers a service, he does not provide you with any good, he provides a service to a good you already own.