Answer:
It is $30,000(C)
Explanation:
Depreciable cost = $90,000
Using straight-line method,
Annual depreciation = $90,000/3
= $30,000.
Hence, depreciation expense at the final year of service is $30,000
We cannot make use of entire cost of equipment of $120,000 because it seemed the company wanted to sell its scrap value for $30,000. Hence, this has been used to reduced it cost to $90,000 which is a depreciable cost .
If it costs $5.10 to get $4.10 from Friendly's then the loanee would pay about 24% which is a pretty high interest rate and presumably the interest rate would decrease with a higher amount loaned as on a larger amount the actual amount of interest earned would still be significant with a lower interest rate.
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They would receive a 2 point moving violation.
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Pure competition simply means a market that's has a wide range of competitors who are selling the same products.
Your information is incomplete. Therefore, an overview of pure competition will be given. In pure competition, all the companies sell identical products.
In pure competition, the market share does not influence the price. Also, companies can enter or exit the industry whenever they like as there's no barrier. The buyers have perfect information as well.
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