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GrogVix [38]
3 years ago
12

Bricktown Exchange purchases a copyright for $50,000. The copyright has a remaining legal life of 25 years, but only an expected

useful life of five years with no residual value. Assuming the company uses the straight-line method, what is the carrying value at the end of the second year?
A. $10,000.B. $40,000.C. $50,000.D. $30,000.
Business
1 answer:
son4ous [18]3 years ago
5 0

Answer:

Correct option is (D)

Explanation:

Given:

Purchase price of copyright = $50,000

Expected useful life = 5 years

Annual depreciation expense as per straight line method:

= Purchase price ÷ useful life

= 50,000 ÷ 5

= $10,000

Only useful life is considered and not legal life.

Carrying value of asset at the end of year = Book value of asset - annual depreciation

Carrying value of copyright at then end of first year = 50,000 - 10,000 = $40,000

Carrying value of copyright at then end of second year = 40,000 - 10,000 = $30,000

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Give four reason as to why being an entrepreneur is beneficial than a doing a job​
anastassius [24]

Answer:

Hope this helps!

4 reasons:

Explanation:

1) Being an entrepreneur is beneficial because it helps you get to know yourself better. You get to be your own boss.

2) Entrepreneurs get to make their own schedule. You can work for flexible hours.

3) You get to be more independent. Taking entrepreneurship will grant you freedom.

4) Choosing to be an entrepreneur is a big risk. This means your taking a challenge in your life. You'll make yourself stronger!

The best part though? It is a big satisfaction when you succeed, yeah and you'll definitely be proud of yourself.

5 0
3 years ago
On December 31, 2017, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 do
galben [10]

Answer:

Loan Amortization Table is attached with this answer, please find it

Explanation:

First of all we calculate the Loan Payment per period

Loan Payment per year = r ( PV ) / 1 - ( 1 + r )^-n

Loan Payment per year = 0.11 ( (102,049 - 40,000 ) / 1 - ( 1 + 0.11 )^-4

Loan Payment per year = $6,825.39 / 0.341269 = 20,000 per year

6 0
3 years ago
Average fixed cost
MrRa [10]

Answer:

d. declines continually as output increases.

Explanation:

Fixed costs remain constant throughout a period regardless of output level.  Average fixed costs are obtained by dividing fixed costs by the total output.  Because fixed costs do not change,  average fixed costs will be influenced mostly by the production level.

A large output means that fixed costs will be spread in many units. The result is a reduction in average fixed costs. When the output is large, a firm enjoys economies of scale.  A small output will result in high fixed average costs. A Fixed amount will be shared among a fewer number of units.

3 0
3 years ago
Read 2 more answers
What do law enforcement public safety corrections and security agencies usually provide to help their employees manage stress Pl
Furkat [3]

Answer:

The following have been discovered to be of help in reducing stress for law enforcement and public safety officials such as the Police and Military.

  • Attaining and maintaining work-life balance
  • deliberately taking out time for leisure activities
  • Keeping a very positive mindset always
  • setting and pursuing after goals and avoiding procrastination
  • Planning their daily work for enhanced effectiveness

Explanation:

Stress amongst law enforcement officials and public safety officials has become very crucial due to the following reasons:

1. It's easy for stress to go on for a prolonged period of time in the lives of these officials because of the nature of their work.

2. They are always in the face of danger and have to take life-or-death decisions/risks very often.

3. Relative inconclusive nature of their work

4. Frequent changes in shifts

5. Financial challenges and

6. In some cases health challenges of the officers in question or loved ones.

Stress amongst Law enforcement officials are very difficult to track because as they are trained to be and look tough...hence a the thinking is that a demonstration of weakness or admission of challenges could be interpreted as incompetence or inability to continue on the job.

Cheers!

4 0
3 years ago
A chart that shows the connection between consumer demand and price is a:
Tomtit [17]

The answer is D. Demand Schedule

6 0
3 years ago
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