The deprecation expense in year 1 is $1225.
<h3>
What is the depreciation expense in year 1?</h3>
Depreciation is a method that is used to expense the carrying value of an asset. Straight line depreciation is a depreciation method that allocates the deprecation expense evenly across the useful life of the asset.
Straight line depreciation expense is a function of the useful life of the asset, the cost of the asset and the salvage value of the asset.
Straight line depreciation expense = (number of months from Sept to Dec / number of months in a year) x (Cost of asset - Salvage value) / useful life
(3/12) x [(28,400 - 3900) / 5]
1/4 x (24,500/5) = $1225
To learn more about straight line depreciation, please check: brainly.com/question/6982430
#SPJ1
Answer:
13.69%
Explanation:
Return on Equity = Net Income / Shareholder's Equity
<em>All Computations are in millions</em>
Shareholder's Equity = Common Stock + Retained Earnings
Shareholder's Equity = $2960 +$735
Shareholder's Equity = $3,695
Net Income = $506
Return on Equity = $506 / $3,695
Return on Equity = 13.69 %
I believe it's LEASE
Let me know if this is right!(:
Answer: False
Explanation: Each company has integrity constraints unique to its business and every databases in a business contain integrity constraints that help prevent chaotic and unwanted events from happening. Business critical integrity constraints enforce business rules that are vital towards organization's goals and success and more often require more insight and in-depth knowledge than relational integrity constraints which are rules that enforce the basic and fundamental information essential to any database.
