Answer:
$10,000
Explanation:
Depreciation of an asset is the systematic allocation of estimated cost to an asset over time. It is added over the years to get the accumulated depreciation that is netted off the cost to get the net book value.
It is given as
Depreciation = (Cost - Salvage value)/Estimated useful life
Depreciation expense for Year 1 (the first year of the asset's life) under the straight-line method would be
= ( $60,000 - $10,000 ) / 5
= $50,000/5
= $10,000
Answer:
The analysis for this type of situation has been presented elsewhere here.
Explanation:
- The face of something like a coin would be typically referred to as one of the head, although it sometimes describes this same head of such a high profile individual, as well as the back of the tail.
- Throughout disciplines of diploma nearby numismatic coins, this same phrase area has been more frequently than using front, when the utilization of opposite direction has been widely spread.
Answer:
One of the differences between hospital and factory capacity is that a hospital can add capacity easily by adding more staff and beds. A factory is usually technologically limited and therefore must plan well in advance to add capacity.
Explanation:
Answer:
Goodwill is calculated as A. The amount paid to purchase a business in excess of the market value of its net assets.
Explanation:
Goodwill is the quantification of the value of the name or reputation of a business. It is an intangible asset for the business that arises and is recorded as part of a business's value when it is sold. Goodwill is the additional amount paid by the buyer in excess of the amount that a business's tangible net assets are worth. Thus, goodwill can be calculated as the amount paid in to purchase a business in excess of the market value of its net assets.
For example, If a business is purchased for $100 whose net assets, which are Total assets less total liabilities, are worth $80. Then the goodwill is the $20 that is the difference of the amount paid to purchase the business and the value of its net assets.
