Answer:
c. $620,000
Explanation:
The computation of the book value is shown below:
The depreciation expense would be
= (Acquiring value of the machine - estimated residual value) ÷ (estimated useful life)
= ($1,000,000 - $50,000) ÷ (5 years)
= ($950,000) ÷ (5 years)
= $190,000
The depreciation should be charged for 2 years so, the accumulated depreciation is
= $190,000 × 2 years
= $380,000
Now the book value
= Acquiring value of the machine - accumulated depreciation
= $1,000,000 - $380,000
= $620,000
If some contributions to your pension or annuity plan were prior combined in gross income, you can omit the part of the distributions from income. You must know the tax-free part when the payments start. The tax-free part normally stays the same each year, even if the amount of the payment changes. Nevertheless, the whole amount of your pension or annuity that you can omit from your income is typically defined by your total cost.
Answer:
A) anchoring bias
Explanation:
Anchoring bias refers to a common mistake of relying heavily on the first information that we get, or in this case, the first information that we look for.
We all tend to suffer from anchoring bias, that is why it is one of the oldest sales techniques. Everyone has seen an ad that states a before price and a discount price. If the difference between the before price and the after price are significant, then we will consider that it is a bargain. Or a salesperson first shows us an expensive product, and then shows us a similar but lower priced product, we tend to believe the second product is cheap.
When most of us look for a job, of course we focus on the salary, since we want to work to earn money. But only focusing on the salary is seeing only half the picture, although the most important half. Other associated benefits or costs are usually not considered, e.g. a high paying job might also require dressing formally or spending a lot of time travelling.