Answer:
Correct option is (D)
Explanation:
Given:
Purchase price of copyright = $50,000
Expected useful life = 5 years
Annual depreciation expense as per straight line method:
= Purchase price ÷ useful life
= 50,000 ÷ 5
= $10,000
Only useful life is considered and not legal life.
Carrying value of asset at the end of year = Book value of asset - annual depreciation
Carrying value of copyright at then end of first year = 50,000 - 10,000 = $40,000
Carrying value of copyright at then end of second year = 40,000 - 10,000 = $30,000
Answer:
U.S. Treasury bonds.
Explanation:
Repurchase agreements can take place between a variety of parties. The Federal Reserve enters into repurchase agreements to regulate the money supply and bank reserves.
This are open market operation and the Treasury bonds are the collateral
Answer:
d.when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount
Explanation:
When correcting errors in a trial balance, the ruling method should be used "when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount."
In trial balancing, an error can be fixed or corrected by tracing the trial balance steps. First, make a comparison between the ledger balances and the amount posted to the trial balance then add both debit and credit table if the amount matches, otherwise use the transposition method.
Answer:
Process builder with an Autolaunched Flow.
Explanation:
This builder here save your users’ time and make sure required tasks are being done. It also improves the quality of your data. Making you the superhero of Universal containers as a whole which your company deserves.
Secondly, these practices are often unique to your business, which makes it hard to find an out of the box solution that exactly meets your requirements. Maybe your company is a high touch call center with specific scripts that your agents need to follow based on a customer’s account data. Maybe you have a practice in place where your salespeople should always, always, create a work order after a deal closes. Or maybe you have a task that your users do over and over and over again, and if you can find a way to shave a few minutes off that task, you can save hundreds of person hours over the course of a year.
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