Waterway Industries purchased a depreciable asset for $610000 on January 1, 2018. The estimated salvage value is $61000, and the
estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Waterway changed its estimates to a total useful life of 5 years with a salvage value of $99000. What is 2021 depreciation expense
a. Kevin bought in total 1750 shares, and for it he spent $510.000
So 1 share is $291,43
b. He bought 500 shares 12.12.2018 for $140.000, then he sold those 500 shares for $162.500. Difference is the gain of $22.500
c. Not knowing from which batch of shares did he sell his shares we already know that avg 1 share is $291,43, so 500 share is $145.715 and he has sold 500 shares for 162.500. Difference is the gain of $16.785
The statement is true, as evaluating one's own performance is quite easy, whether I performed good or bad, it is natural to know that.
But, when you know that the competitors have also performed really well, then we think that there are less chances of getting selected because then we doubt on our own capabilities.
This is a normal human tendency that happens and thus, the statement here is true.
