Answer:
The amount of depreciation expense the lessee should record for the first year of the lease is $108,000
Explanation:
To calculate the depreciation expense for each year the first thing you have to do is to substruct from the initial value the fair value at the end fo the lease, obtaining this way the depreciable amount.
For this case it would be:
$810,000 - $270,000= $540,000
Then you have to divide the depreciable amount by the years of the term the lease.
$540,000/5= $108,000
Answer:
The answer is: $150,000
Explanation:
The GDP includes all the final, finished and legal products produced in the country during a year.
The apples sold directly by the farmer to individual consumers and the apples the grocery store sells to households are both going to be included in the GDP.
The only apples not included in the GDP are the once sold to the company that produces apple juice, since they are intermediate goods and not finished goods.
Answer:
<em>It will recognize 1,333.33 Depreciaton expense</em>
<em>for December 31th, year 1</em>
Explanation:
The straight-line Method is simply and easy to understand, It distribute the depreciation equally between years. So that implies that the formula should be:
(23,000 - 3,000) / 5 = 20,000 / 5 = 4,000
Now we have to calculate the proportion
4,000 x 4/12 time in company's possesion = 1,333.33 depreciation
September + October + Novemember + December = 4 months
Did you mean diethyl dimethyl hexane?
If so then the iupac name for it is 3-Ethyl-2,2-dimethylhexane <span>[</span>
Answer:
By formation of legally binding contract.
Explanation:
Contacts are a good way for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. Because of the high quality expected in the goods procured, having a legally enforceable contact will make the vendor provide high quality products that meets required specifications.
However when contracts dictate a particular price, so if the market price of input were to go down we will still be obligated to buy at the higher price from the vendor.
