tariff reform and the federal reserve system important because tariff-reduced monopolies federal reserve-controlled money supply and made credit readily available
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Answer:
The correct answer is option B.
Explanation:
The Cost of Property is given at $ 216,000
.
The MACRS rates are 0.2, 0.32 and 0.192 for years 1 to 3 respectively.
Depreciation for the year 1 will be
= $216,000*0.2
= $43,200
Depreciation for the year 2 will be
=$216,000*0.32
=$69,120
Total Depreciation for the year 1 and 2 will be
=$43,200+$69,120
=$112,320
The book value of this equipment at the end of year 2
=$216,000-$112,320
=$103,680
On checking the above value with Answer B that is
=$216,000*(1-0.2-0.32)
=$216,000*0.48
=$103,680
Answer:
Bank of America (NYSE:BAC) has had its fair share of missteps over the past decade, but it's also had successes. Topping the list for the latter is the progress it's made in mobile banking, which has enabled the bank to slash operating expenses in its consumer banking segment.
You can get a sense for Bank of America's success in this regard by looking at the number of people who use its mobile application. In the most recent quarter, the bank boasted 19.6 million active mobile users. That's five times the number it had in 2009. To put this in perspective, Bank of America has 60 million total clients within 45 million households.
The impact on Bank of America's transaction mix has been dramatic. Mobile check deposits are up by a factor of 10 since 2012, and now account for 16% of all deposit transactions at the North Carolina-based bank. If you also factor in ATM transactions, two-thirds of Bank of America's deposit transactions are now automated. That compares to only 35% in 2009.
Explanation:
Answer: The equilibrium rate of interest in the market for money is determined by the intersection of the supply of money curve and the total demand for money curve.
Explanation: To determine the equilibrium rate of interest, it's necessary to study where the supply and demand curve points intersect. When supply and demand are equal, equilibrium has been achieved.
