Answer:
(1) $19,500
(2) $142,000
(3) $27,000
(4) $15,000
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the p/l over the useful life of the asset. It may be computed as
Depreciation = (cost - salvage value)/useful life
Annual depreciation = ($220,000 - $25,000)/10
= $19,500
4 years later
Carrying amount of the equipment
= $220,000 - 4 * $19,500
= $220,000 - $78,000
= $142,000
If the asset is impaired
An asset is said to be impaired when the carrying amount is higher than recoverable amount where the recoverable amount is the higher of the fair value less cost to sell or the value in use of the asset which is the present value of the future expected inflow from the use of the asset.
Value in use = $115,000
Fair value = $85,000
Value in use = $115,000
Impairment loss = $142,000 - $115,000
= $27,000
Remaining number of years is 6
New carrying amount = $115,000
the annual depreciation expense = ($115,000 - $25,000)/6
= $90,000/6
= $15,000
Answer: local functional specialization
Explanation:
The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as local functional specialization.
Local Functional Specialization was actually Europe's economic hallmark which spread to many parts of the world later whereby some specific people in some certain places would concentrate on production of certain goods and services.
Answer:
Option D would be the correct choice.
Explanation:
- The deeply disturbed capital recovery plan was an effort to remove the distressed assets among investment banks everything which gave the treasurer the ability to buy risky assets from corporate various financial institutions.
- The program proved ineffective as when the allocated cash wasn't used to support consumers, because although the firms weren't even investing because of immoral incentives.
All other choices don't apply to a particular task. So option D seemed to be the right alternative.
DETERMINING YOUR OBJECTIVES FOR THE PLAN
Answer:
the amount of money after 9 years is $11,994.02
Explanation:
The computation of the accumulated balance after the stated period by using the compound interest formula is shown below:
Amount = Principal × (1 + interest rate ÷ n)^{nt}
= $6,000 × (1 + 8 ÷ 1 × 100)^{1 × 9}
= $6,000 × (1.08)^9
= $11,994.02
Hence, the amount of money after 9 years is $11,994.02 which is to be find out by using the above formula
