Answer:
Loss of $7,000
Explanation:
Data provided in the question:
Purchasing cost = $78,000
Residual value = $3,000
Useful life = 5 years
Selling cost = $8,000
Now,
Annual depreciation = [ Cost - Residual value ] ÷ Useful life
= [ $78,000 - $3,000 ] ÷ 5
= $75,000 ÷ 5
= $15,000
Therefore,
Accumulated depreciation of 4 years = 4 × Rate of depreciation
= 4 × $15,000
= $60,000
Therefore,
Book value at the end of 4 year = Cost - Accumulated depreciation
= $75,000 - $60,000
= $15,000
Since,
Book value at the end of 4 year is greater than the selling cost
therefore,
there is loss = Book value - Selling cost
= $15,000 - $8,000
= $7,000
Hence,
Loss of $7,000
Answer:
See below
Explanation:
The percentage allocated to each socially responsible action
1. pollution control
The amount allocated is $37,000
The total budget is $750,00
The percentage = $37,000/$750,000 x 100
=0.0493333 x 100
=4.933%
2. community project
Amount allocated=22,500
As a percentage = 22,500/750,000 x 100
=0.03 x 100
=3%
3. Employee fitness
Amount allocated= $7500
As a percentage
=$7500/$750,000 x 100
=0/01 x 100
=1%
<u>The total amount spent</u>
=, $37,000 +$22,500 +$7,500.
=$67,000
The pencils would be considered a Business.
What is a Business?
An organisation or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business is defined as a profession or trade that involves buying and selling goods and services with the intention of making a profit. Farming is a prime example of a business. A home sale is an illustration of commerce.
Different Business Structures
- Sole proprietorship. A sole proprietorship is the most common type of business structure.
- Limited liability company.
Learn more about Business here:
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Some time is impacted by the way you live with family and friends or in what rank of life style are you in. medium, small or large
