Answer:
accumulated depreciation = 241667
depreciation for 2016 = 6800
book value as December 2017 = 240000
Explanation:
solution
we know SLM depreciation per month is express as
depreciation = 
put here value
depreciation = 
depreciation = 100000
and
accumulated depreciation as of 31st December is
accumulated depreciation = 
accumulated depreciation = 241667
and
depreciation per hour is
depreciation = 
depreciation = 
depreciation per hour = 8
so depreciation for 2016 = 8500 × 8 = 6800
and
as depreciation by sum of year of digit method
depreciation = 
so here sum of years digit = 1 + 2 + 3 + 4 = 10
so 1st year depreciation = 
= 160000
and next year depreciation = 
= 120000
so depreciation from august 2016 to july 2017 = 160000
and depreciation from august 2017 to December 2017 = 
= 50000
so book value as December 2017 = 450000 - 160000 - 50000
book value as December 2017 = 240000
Walk, trolly (if in a city) Or cab, even a bicycle would do.
Answer:
is a time deposit of money in an international bank located in a country different from the country that issued the currency.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
The European System of Central Banks (ESCB) which was established under the Treaty on European Union (TEU).
It comprises of the European Central Bank (ECB) and the national central banks of all the 27 European Union (EU) member states, irrespective of adopting the Euro (£) or not. This has helped the European Union (EU) member states to achieve tight corporations and memorandum of understanding (MOUs) such as TARGET2 (single payment system).
Eurocurrency is a time deposit of money in an international bank located in a country different from the country that issued the currency.
I think is D
Is the most obvious out of the others
Answer:
d. $2,000 less
Explanation:
The computation is shown below:
<u>Particulars January February March
</u>
Units beg.
inventory 0 3,000 4,500
Units produced 10,000 10,000 10,000
Units sold -7,000 -8,500 -10,500
Units ending
inventory 3,000 4,500 4,000
Now
= $4 × (4,500 - 4,000)
= $2,000
So, here the income arise from absorption costing should be lower than the variable costing as the inventory is reduced
