Answer:
31 March 2021
Explanation:
The contract should be recorded on 31 March 2021 because according to the US Generally Accepted Accounting Principles, revenue should be recognize in the book only when service has been rendered to the customer, the selling price of product is fixed and confirmation of service arrangement and amount to be collected.
With regards to the above scenario, since the equipment was not delivered until 31 March, then 31 of March will be recognized.
Answer:
Elasticity
Explanation:
Elasticity -
Elasticity is one of the characteristics of the cloud computing .
Elasticity makes the cloud computing different from the older grid computing .
It refers to the factor by which the system is capable to adapt to the changes in the workload by provisioning and de - provisioning the resources automatically , is referred to as elasticity .
Faster the provision and de - provision may lead to storage or customers applications.
Hence , from the given scenario of the question ,
The correct answer is elasticity .
Answer:
2500
Explanation:
First depreciate for 6 years using regular method: (Cost - Salvage Value)/Initial Useful life
(50,000-10,000)/8 = 5000 <- this is annual depreciation
For 6 years, $30,000 accumulated depreciation
Now to calculate change in useful life, you do (Cost - Accumulated Depreciation - Salvage Value)/Remaining Useful life
Remaining Useful life = 10-6 = 4
(50,000-30,000-10,000)/4 = 2500
Supply-side economics attempts to stimulate output and lower unemployment by reducing taxes to stimulate investment and consumer spending.
<h3>What is supply-side economics?</h3>
Supply-side economics is a economics theory that focuses on the supply of labour and goods. It postulates that taxes and benefits can be used as incentives to stimulate the economy.
Supply-side economics was introduced by Arthur Laffer and implemented by Pres. Ronald Reagan in the 1980s.
Because the New Testament is about Jesus
