This is false. When inflation happens, prices go up in the economy.
The leading cause of sources of petroleum in North America is because of the Exclusive Economic Zone. This has resulted in several petroleum companies queuing up in North America. Business wise economic zones are of high importance as they are given several facilities that are not available elsewhere.
Answer:
depreciation for 2021 is $ 18,000
book value at December 31, 2021 is $ 27,000
Explanation:
Sum of Digits Method is a depreciation method that provides for higher depreciation to be charged early in the life of an asset with a lower depreciation in later years.
Sum of digits for the framing machine is calculated as follows :
Year Sum of Digits
1 4
2 3
3 2
4 1
Total 10
<u>Depreciation for 2021 is calculated as :</u>
= 4/10× $ 45,000
= 18,000
<u>Book value at December 31, 2021 is calculated as :</u>
=Cost - Accumulated Depreciation
=$45,000 - $ 18,000
=$ 27,000
They created efficiencies that streamlined government.
Answer:
$250,000
Explanation:
Calculation for the cash flows from operating activities to be reported on the Statement of Cash Flows
Using this formula
Cash flows=Income Statement+(Accounts receivable arising from sales)
Let plug in the formula
Cash flows=$240,000 +($80,000-$70,000)
Cash flows=$240,000 +$10,000
Cash flows=$250,000
Therefore the cash flows from operating activities to be reported on the Statement of Cash Flows is $250,000