Answer:
Correct option is (a), Different copyright rules for pre and post 1978 works
Explanation:
Copyright is a right given exclusively a person who has created a new work and reproduce it for a stipulated time. It is granted for a stipulated time period.
For all creations after 1978, copyright is granted for the years that the creator live and seventy years after his life.
For creations before 1978, that were not published, same rules are applicable as of post 1978 period. However, for works published before 1978, copyright was granted for total 95 years that is divided between 28 years from the date of registration of work and renewed for 67 years on expiry.
So copyright rules differ for works published pre and post 1978.
Answer:
Book value= $51,875
Explanation:
Giving the following information:
Purchase price= $80,000
Salvage value= $5,000
Useful life= 8 years
<u>First, we need to calculate the annual depreciation under the straight-line method:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (80,000 - 5,000) / 8
Annual depreciation= $9,375
<u>Now, we can determine the book value at the end of 2019:</u>
Book value= purchase price - accumulated depreciation
Book value= 80,000 - (9,375*3)
Book value= $51,875
Answer: $20,000
Explanation:
The effect of the lease on Lakeside's earnings will be the difference between the earnings from the lease and the cost of the building which will be depreciation.
Depreciation = 2,300,000/25
= $92,000 per year
Earnings per year;
= 28,000 * 4
= $112,000
Increase in earnings = 112,000 - 92,000
= $20,000
Answer:
Quantity variance.
Explanation:
The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the Quantity variance.
For instance, if Tony needs a standard quantity of 50 pounds of iron to construct a burglary, but only used 51 pounds, then the quantity variance is 1 pound of iron.
<em>Hence, the quantity variance is simply the difference between the actual quantity of materials that should be used and the quantity of materials that was used. </em>
