It will lower your credit rating by so much based on your credit rating before bankrupycy
Answer:
Depreciation expense= $7,612.5
Explanation:
Giving the following information:
Purchase price= $66,000
Salvage value= $5,100
Useful life= 8 years
<u>First, we need to determine the depreciation expense for the whole year. We will use the following formula:</u>
<u></u>
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(66,000 - 5,100) / 8]
Annual depreciation= $15,225
<u>For 2020:</u>
Depreciation expense= (15,225/12)*6= $7,612.5
Answer:
The correct answer is <em>held-to-maturity securities</em>.
Explanation:
Securities held until expiration (HTM) are purchased to be held until expiration. The management of a company could invest in a bond that they plan to hold until they expire. As a result, there are different accounting treatments for retained securities until maturity compared to securities that must be settled in the short term.
Answer:. When patients participate in decision making and understand what they need to do, they are more likely to follow through.
Explanation:
The major financial change between post ww2 borrowers and borrowers after 1970 was that there were plenty of jobs after World War 2 and the economy was growing at a large extent.
Most of the people believed that their income would not change even though there were plenty of jobs in the economy.
However they all have a constant income from the year 1945 to 1970.
So all the people continued to borrow more and more money by not attending or joining any post war job in the economy.
Banks were also willing to lend more and more money as they were on the way of high earning through more lending but they get closed.
So after the war people continued to increase their loans and debt ratio in the economy of lending due to which it became the period of great depression.
To know more about post war borrowing here:
brainly.com/question/2675965
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