Answer:
The short run refers to a period of less than one year.
Explanation:
The statements is false that the short run refers to a period of less than one year.
The short run, long run and very long run are different time periods in economics.
<u>Short run – where one factor of production (e.g. capital) is fixed</u>.
long run – Where all factors of production are variable,
Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>
Answer:
15600 , 13600
Explanation:
Annual Depreciation = [Cost of Asset - Salvage Value] / Expected use years
Year 1 Beginning : Cost = $82000 , Salvage Value = $4000, Years = 5
So, Annual Depreciation = [82000 - 4000] / 5
= 78000 / 5 = 15600
Year 4 Beginning : {3 Years gone, 2 years left}
Asset Value remaining = Cost - [(Annual Depreciation)(Years)]
= 82000 - [(15600)(3)]
= 82000 - 46800 = 35200
Dep. = [Cost - Scrap Value] / Years
= [35200 - 8000] / 2
= 27200/2 = 13600
Answer:
15%
Explanation:
because most company don't want to calculate interest of decimal number so they rounded it
Nathanial’s company can apply for a Utility Patents patent for the new machine.
<u>Explanation:</u>
Any intellectual property can be protected by the use of a patent. Filing for legal protection is the major requirement for acquiring a patent. Patent are useful for the protection of any new process, machine or anything that is created physically. Utility patent, plant patent, provisional patent and design patent are the different types of patents that exists in US.
When a new product,machine or process is created or remodeled then Utility Patent helps to protect them. "patent for Invention" is the other name given for Utility patent. It protects your inventions from being sold or used by other industries or enterprises without your authorization.
