According to one source from the internet, the cross-border sales is projected to top $450 within the next 5 years. Cross-border trade is the process of buying and selling of products, selling goods and services between business domestically or in the neighborhood countries.
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Explanation:YOU CHOOSE THE SMARTEST
Answer:
The length of time = 12 years
Explanation:
<em>The number of years the case would be determines the length time it takes the present value of annuity of 17,000 to equate the initial cost </em>
Initial cost = A× (1- (1+r)^(-n)/r =
A- 17,000, r- 13%, n - ?
So we will need to work out the value of " n"
100,000 = 17,000 × 1- 1.13^(-n)/0.133
100,000/17,000 =1- 1.13^(-n)/0.13
5.88235 ×0.13 = 1- 1.13^(-n)
n = 12
The number of years is approximately 12 years
The length of time = 12 years
Answer:
$30,900
Explanation:
Assets are major components of the statement of financial position. They are defined as anything owned by a company as a result of past activities that result to an inflow of economic benefits
Cash Asset Liability Expenses
Capital 11000 11000
Equipment (1400) 1400
Loan 15000 15000 15000
Rent (100) (100) 100
Inventory (400) 400
Sales 3200 3200
Total 30900 15000
The amount of the journal entry are as follows:-
Cash $15000
Accumulated Depreciation $10000
Equipment cost $35000
Loss on sale $10000
<h3>What is Depreciation?</h3>
An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.
The complete solution is attached below.
Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc.
Thus the journal entry credit amount is Equipment cost $35000 and Debit amount of the journal entry are Cash $15000 Accumulated Depreciation $10000 and Loss on sale $10000.
Learn more about Depreciation here:
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