It is an architect because they love to build things and create things as well <span />
Accumulated depreciation changed into disposed of for $27,000 cash. The access to file this event could include a gain of $3,000
Gross e-book fee=$54,000.00
Acc Deprecition=($30,000.00)
net e-book fee as on date of sale=$24,000.00
Sale Proceeds=$27,000.00
advantage =$3,000.00
Amassed depreciation is the sum of all recorded depreciation on an asset to a specific date. accumulated depreciation is supplied at the stability sheet just beneath the associated capital asset line. The wearing price of an asset is its ancient value minus collected depreciation.
As an example, if an organization purchased a bit of printing gadget for $ hundred,000 and the collected depreciation is $35,000, then the internet ebook price of the printing device is $65,000. $one hundred,000 - $35,000 = $65,000. gathered depreciation can't exceed an asset's price.
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Answer:
(a) They take a personal stake in the success or failure of the business.
Explanation:
Entrepreneurs are some of the most multiverse, multi -talented and diverse people. They try to perform different roles at same time like they are the project managers, a risk taker, an accountant, a marketer and a salesman etc.
Entrepreneurs play a key role in any economy. These are those that have the talents and initiative necessary to anticipate current and future desires and produce sensible new concepts to the market.
They carefully analyze market conditions and also they take a personal stake in the success or failure of the business.
So, option (a) is correctly fitted.
Answer:
$36000.
Explanation:
Given: Rate of return= 15%
cost of project= $240000.
Useful life= 5 years.
First, lets find out total income of the project.
We know, Income=
Total income of project=
∴ Total income of project= $180000.
Now finding annual net income of the projects.
We know the useful life of the projects is 5 years.
∴ Annual net income=
⇒ Annual net income=
The annual net income of the project is $36000, excluding depreciation expense.