Answer:
depreciation in 2004 = 5754.5
Explanation:
The salvage value of an asset is the book value estimated at the end of depreciation. The straight-line depreciation method equally distributes the depreciation per year throughout the useful life of the equipment.
In order to calculate the depreciation value in 2004, let us first calculate the depreciation. This is calculated as follows:
Total Depreciation = Purchase cost - salvage value
Purchase cost = cost of equipment + cost of installation
= 172024 + 10610 = $182,634
∴ Total depreciation = 182,634 - 10,000
= $172,634
Depreciation per year = Total depreciation ÷ number of years
Number of years = 2030 - 2000 = 30
Depreciation per year = 172,634 ÷ 30
= 5754.5
∴ depreciation in 2004 = 5754.5
Not producing the extra car. They would be spending $5,000 more to make it than what they are selling it for. After all of that work, they would have lost $5,000.
Answer: D. Either Linda or Dennis, but not both.
Explanation: AGI stands for adjusted gross income. This is basically your gross income which is adjusted after tax deduction.
In this case, because the house is shared between Linda and Dennis and also since they are the ones who earn only. Therefore, either one of them would be eligible for earned income tax credit.
If they had been living in separated houses, both of them would have received the earned income Tax Credit.
The 2008 Global Financial Crisis was the result of risky lending practices and a reliance on certain financial products that were faulty and were built to eventually fail. Banks had leveraged too much debt into the economy through risk "derivative" type investments that over time led to increased instability and eventually the collapse of major U.S. financial institutions like Bear Sterns and Lehman Brothers. In addition major insurance groups like AIG and others were also put at risk and many major banks and insurance companies received massive bail outs from the U.S. Government.
It was last issued in 2003