Answer:
state government
Explanation:
Counties, towns, and cities collect their money mostly from taxes and fees charged to enterprises. The State government is in charge of collect taxes such as income, sales, and property taxes.
It controls the money supply inside a specific economy which helps decrease inflation and get the economy out of a recession if needed
According to Rule of 72, an amount of investment equal to $5,000 with an investment interest with an average of 6 percent will only take 12 years to double the value. The price will be equal to $10,000 after 12 years.
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $150,000
Useful life= 10 years
Salvage value= $18,000
<u>To calculate the depreciation expense under the double-declining balance, we need to use the following formula:</u>
Annual depreciation= 2*[(book value)/estimated life (years)]
2021:
Annual depreciation= 2*[(150,000 - 18,000) / 10]
Annual depreciation= $26,400
2022:
Annual depreciation= 2*[(132,000 - 26,400) / 10*
Annual depreciation= $21,120
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