Answer: True
Explanation:
Braising thoroughly cooks the meat to make sure these tough meats become tender. Braising works so well for this because it is a combination cooking method.
Depreciation is a way not only to recognize the lost value over time of an asset, but also a way to recognize the expense of the asset over time. To this end, we want to see the value of the asset get smaller, and a piece of the asset on the the income statement ever period.
The depreciation base is 95,000 -5,000 = 90,000, and the depreciation period is 90,000/15,000 = 6 years.
The journal entry every year will be
Dec. 31
Debit: Depreciation expense 15,0000
Credit: Accumulated Depreciation (15,000)
Accumulated depreciation is a *contra-asset* account on the balance sheet that reduces the value of the the depreciable asset.
Answer:
Cost of machine = $73,897.99
Explanation:
The cost of machine to Swifty Corporation the present value pf the ordinary annuity payment of $20,500 per year discounted at the interest rate of 12%.
Note that the annuity is an ordinary annuity because annual payment is made at the end of the year.
Present value of ordinary annuity= annuity factor× annual payment
Present value of ordinary annuity = 20,500× 3.60478= $73,897.99
Cost of machine = $73,897.99
Answer:
Obviously, since you do not manage your neighbours, you won’t be using a <u>project team</u>. But since you want formal representation from your homeowner’s association, your local law enforcement agency, and the businesses on your street, you think that you might start with a <u>cross-functional team</u>. Whatever type of team you choose, you know that more diversity will bring you <u>more</u> ideas.
1. Project team belongs from various groups.
2. Cross- functional team has diversified experiences.
3. More people bring more ideas.
