Answer:
Annual depreciation= $2,950
Explanation:
Giving the following information:
A machine was purchased for $35,500, having a useful life of 10 years, and a residual value of $6,000.
<u>To calculate the depreciation expense under the straight-line method, we need to use the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (35,500 - 6,000) / 10
Annual depreciation= $2,950
Answer:
if it is someone I like I will start to blush but if it is someone I don't like I will feel normal
The south state in which region obtain more of their revenue from the federal government than do most other states. In spite of the fact that numerous southern state receives a higher percentage of their revenues from the federal government that other regions, the south as a whole has traditionally delivered fewer government services. Part of the details why southern states dominate the most dependent classification is historical. Throughout the many years in the 20th century south was solidly self-governing its congressional legislative body in both the house and the senate was delight in great seniority that came to hold leadership positions on influential committees which they used to send federal dollars back to their home states in the form of contracts, projects and installations.
Answer:
$7,300 loss
Explanation:
The computation of the net foreign exchange gain or loss included in the income statement is shown below:
Since the merchandise purchased value is $62,900
And, the paid amount is $53,200
So, the gain on transaction is
= $62,900 - $53,200
= $9,700
The borrowed amount is $305,000
And, the principal amount is $322,000
So, the loss is
= $305,000 - $322,000
= $17,000 loss
So in this case $7,300 loss is included which is a difference of $9,700 and $17,000
It should be noted that the study of how resources are distributed for production of goods and services within a social system is called Economics.
<h3>What is Economics?</h3>
Economics can be regarded as a social science which focus on the study of production as well as distribution, and consumption of goods as well as services.
Therefore, economics focus on how resources are distributed for production of goods.
Learn more about economics at:
brainly.com/question/25791968
