Answer and Explanation:
The computation of the depreciation and the book value for the first two years would be
Depreciation for Year 1
= 100% Bonus + regular depreciation
= $16,000 + $16,000 ÷ 10 years
= $17,600
And,
Book value year 1 is
= $16,000 - $1,600
= $14,400
Now
Depreciation for Year 2 is
= Regular depreciation
= $1,600
And,
Book value year 2 is
= $14,400 - $1,600
= $12,800
A portfolio is a collection of information about a person . A website layout is A format for text and images on your website .
Answer:
$88,321.59
Explanation:
Assuming that inflation remains constant at a rate of 2% over 40 years, this problem can be treaded as an annually compounded interest problem, with a principal of $40,000 at a 2% per year rate for 40 years.
The equivalent annual income (E) adjusted for inflation is given by:
In 40 years, the equivalent retirement income will be $88,321.59.
Answer:
D. Treasury, Banc Ono, IBM, Trump Casino
Explanation:
Answer:
balance sheet
liabilities
note payables (current portion) 44,000
non-current liabilities
long-term note payable 178,000
Explanation:
On December 31,2020 there will be a portion of the note that will be declared as current liability while another non-current as within 12-months there is payment due (to be more precise next day after the balance close)
Thus 222,000 - 44,000 = 178,000 long-term
while the 44,000 are declared short-term